Dax closes slightly in the black

by time news

Nfter the key interest rate decision by the European Central Bank (ECB), the Dax increased its gains somewhat on Thursday afternoon. At the close of trading, the leading German index was 0.62 percent higher at 14,164 points. The M-Dax of medium-sized titles increased by 0.9 percent to 30,669 points. The leading euro zone index, the Euro Stoxx 50, rose by 0.5 percent.

Despite record inflation, interest rates in the euro zone will remain unchanged for the time being. The ECB left interest rates at a record low of zero percent. At the same time, however, the monetary watchdogs confirmed that they were heading towards an end to their ultra-loose monetary policy. Economists believe that a first rate hike is still possible this year. In the USA and Great Britain, on the other hand, the central banks have already increased the key interest rate.

Because there was no unexpected acceleration in the tightening of monetary policy, investors on the stock exchange took action again, according to the trade.

Aviation stocks benefit

Aviation stocks posted gains. In the Dax, Airbus and MTU were among the favorites with growth of up to a good 2 percent. With a plus of 4.5 percent, Fraport was among the top values ​​in the M-Dax, in which the Lufthansa papers also rose by 2.4 percent. Aviation stocks helped that low-cost carrier Wizz Air appeared to have had a good quarter. The operating loss appears to be lower than originally expected by the low-cost airline, JPMorgan said. The day before, good figures from Delta Air Lines in the United States had given the airlines’ papers a boost. At the end of the Dax, Volkswagen lost 1.7 percent based on key data for the first quarter and sales figures.

The papers of the medical and safety technology group Drägerwerk were also very weak in the S-Dax with minus 5.7 percent. Due to increasing difficulties in the delivery of electronic components, only reaching the lower end of the forecast range is to be expected, the Lübeck-based company announced.

The titles of the online used car dealer Auto1 easily put away their previous day’s weakness with a plus of more than 12 percent. In addition, the shares of Südzucker Group and its subsidiary Cropenergies rose by 3.6 and 5.1 percent, respectively, according to key figures and statements on further business development.

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