Dax recovered somewhat after five weak days | Free press

by time news

Frankfurt / Main (dpa) – After five weak trading days, the Dax rose again for the first time on Thursday. As early as the middle of the week, the German benchmark index had recovered a little from its November low reached during the day.

Now it went up with, however, thin retail sales by 0.25 percent to 15,917.98. The German stock market barometer had lost a little more than three percent during its downturn from the record high of 16,290 points to the previous day’s low of 15,740 points and thus almost completely surrendered the gains it had made since the end of October. Whether the small recovery now means a turn for the better is controversial among experts.

The MDax gained 0.53 percent on Thursday to 35,012.01 points and the positive signs also predominated across Europe. The EuroStoxx 50 advanced by 0.40 percent to 4293.24 points. The stock exchanges in Paris and London also closed moderately up.

Some shares in this country received support from the coalition agreement that the SPD, Greens and FDP had presented the day before. On that day, the content of the contract primarily affected the energy sector. The shares of RWE built on their positive reaction the day before and gained another 6.8 percent at the top of the Dax. Accelerated targets for the coal phase-out and more ambitious targets in the field of alternative energies are positive for the energy company, wrote an analyst. Siemens Energy gained 3.1 percent and Eon 2.5 percent.

In the SDax, SMA Solar rose by 4.5 percent and Nordex by 7.5 percent. The manufacturer of wind turbines had also received an order from Peru for systems with a capacity of 177 megawatts.

READ Also:  Europe, the USA and the Tsar's gas tap

Based on the coalition’s goals, the shares of the small cap Synbiotic shot up by 33 percent. An analyst referred to the planned controlled dispensing of cannabis for consumption by the traffic light parties, which is an important milestone for the German cannabinoid market in which the company is operating.

Jenoptik delighted investors with the announcement of a buyer for the military technology business. The proportions jumped 7.9 percent. In contrast, the shares of Drägerwerk continued their downward trend and lost 5.5 percent. The day before they broke in because of a disappointing view.

The euro stayed above the mark of 1.12 US dollars, which had fallen below the previous day for the first time since July 2020, with the most recently paid US $ 1.1215. The European Central Bank set the reference rate in the afternoon at 1.1223 (Wednesday: 1.1206) dollars. The dollar cost 0.8910 (0.8924) euros.

The current yield on the bond market remained at minus 0.36 percent. The Rex bond index rose by 0.01 percent to 144.92 points. The Bund future gained 0.13 percent to 170.98 points in the early evening.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.