2023-08-02 16:53:30
Frankfurt/Main.
After the latest Dax records and subsequent setbacks, the German stock market recovered over the course of the day. The leading German index contained its significant price drop on Wednesday – in the afternoon it was still 0.93 percent down at 16,090.04 points. The MDax of medium-sized listed companies reduced its loss at 28,252.22 points to 1.12 percent. For the eurozone leading index EuroStoxx 50, it was still 0.86 percent down to 4369.65 points.
The fact that the rating agency Fitch withdrew the top credit rating from the United States “only caused the market to twitch briefly,” commented equity strategist Sven Streibel from DZ Bank on the situation. “However, the chronically tight US budget highlighted by Fitch is well known and priced in by the markets, as is the recurring debate about the US debt ceiling.” Previously, several market observers had been surprised by the gradation and also by the timing.
In the small-cap index SDax, the shares of the Internet group United Internet and its mobile phone subsidiary 1&1 jumped by a good 15 and almost 12 percent respectively after 1&1 and competitor Vodafone announced a long-term national roaming partnership. The titles of the competitor Telefonica Germany, with which 1&1 previously had such a contract, fell by 14.6 percent at the end of the MDax. Unlike with Telefonica Germany, the contract with Vodafone also includes the latest 5G mobile communications standard.
Siemens Healthineers shares lost 5.9 percent at the end of the Dax. The medical technology group returned to growth in the third quarter and confirmed the outlook. But the operating profit continued to fall. A broker spoke of disappointing numbers, with cancer specialist Varian in particular lagging far behind expectations. The company also lowered profitability targets for Varian.
The euro gave way slightly and most recently cost 1.0964 US dollars. The ECB set the reference rate at $1.0970 on Tuesday. The current yield on the bond market remained at 2.55 percent. The Rex pension index rose by 0.09 percent to 124.46 points. The Bund future gained 0.34 percent to 132.71 points. (dpa)
#Dax #curbs #loss #trading #free #press