Frankfurt / Main (dpa) – The Dax moved little on Wednesday. The German benchmark index was down 0.11 percent in the afternoon to 15,705.06 points. Stockbrokers spoke of an unclear mood on the markets.
On the previous two days, the stock market barometer had risen moderately, but barely exceeded the 15,700 mark.
The MDax of the 60 medium-sized stock market stocks was last 0.58 percent lower at 35,665.05 points. The European benchmark index EuroStoxx 50 posted a minus of 0.53 percent at 4169.60 points.
According to the assessment of market expert Andreas Lipkow from Comdirect, the local stock exchanges are still “relatively stable”, because weak economic data from China further fueled the simmering economic worries towards the middle of the week. The world’s second largest economy is again increasingly suffering from the consequences of the corona pandemic in retail and industry.
On the other hand, according to the experts at Commerzbank, the US inflation data published the day before suggest “that the price pressure has subsided”, which gives the US Federal Reserve some flexibility in its plans for scaling back its multi-billion dollar bond purchases. “However, growth concerns are also increasing,” wrote Commerzbank experts Hao Zhou and Charlie Lay.
In the Dax, Fresenius Medical Care (FMC) continued their most recent downward trend. The papers of the dialysis specialist lost 2.7 percent as the bottom of the index. The shares of Deutsche Post rose as the best value in the Dax again above the mark of 60 euros. In the afternoon they cost 1.3 percent more than the day before. Analysts see even more price potential for the logistics company’s papers. Guido Hoymann from Bankhaus Metzler, for example, has now raised his price target from EUR 73 to EUR 74.
Profit-taking weighed on some budding climbers from the MDax to the Dax: Zalando lost 1.3 percent, Puma even three percent and Hellofresh lost 2.4 percent.
The disappointed hopes of some investors were even more likely to affect the papers of the battery manufacturer Varta, which lost 3.8 percent. Apple had not announced any new Airpods the day before its product presentation, for which Varta has so far been known as a supplier of button cells.
The euro was last traded at $ 1.1810. The European Central Bank (ECB) set the reference rate on Tuesday afternoon at $ 1.1814.
The current yield on the bond market fell from minus 0.38 percent the previous day to minus 0.40 percent. The Rex bond index rose 0.08 percent to 145.14 points. The Bund future fell 0.12 percent to 171.78 points.