2023-08-01 20:03:39
Frankfurt/Main.
The Dax paid tribute to its recent record hunt on Tuesday. On the first day of trading in August, the leading German index fell by 1.26 percent to 16,240.40 points. “This initially confirms the skeptics who believe in the statistics and a rather difficult stock market month of August,” wrote analyst Konstantin Oldenburger from the trading house CMC Markets. The MDax for medium-sized companies fell by 0.92 percent to 28,571.23 points.
On Monday, the Dax reached another record high and closed the month of July with a gain of almost two percent. Hopes of an end to interest rate hikes by the central banks in the USA and the eurozone fueled the stock market boom.
The quarterly balance sheet season remained decisive for the individual values. At DHL, investors took profits after the release of solid earnings after a year-to-date rally. The papers of the logistics provider lost 5.2 percent.
Investors at Daimler Truck also made gains according to quarterly figures from the truck manufacturer, the share lost 2.4 percent. At BMW, analysts complained about low profitability in the second quarter, the price fell by 5.4 percent at the end of the Dax.
After a profit warning from the financial service provider Hypoport, the shares fell by more than 14 percent at the end of the SDax. The biggest loser in the MDax were the shares of Krones with minus 7.4 percent, although analysts praised the figures of the plant manufacturer.
Redcare Pharmacy and Teamviewer, on the other hand, convinced investors with their business figures. The shares of the online pharmacy and those of the IT service provider each jumped by almost 10 percent.
Across Europe, the stock markets went down on Tuesday. The Eurozone leading index EuroStoxx 50 lost 1.43 percent to 4407.54 points. Paris’ Cac 40 fell by a similar amount, while London’s FTSE 100 fell less.
The euro gave way and was last listed at 1.0963 US dollars. The ECB had set the reference rate at $1.0970. On the bond market, the current yield fell from 2.57 percent on the previous day to 2.55 percent. The Rex pension index rose by 0.07 percent to 124.34 points. The Bund future lost 0.62 percent to 132.18 points in the evening. (dpa)
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