Dax with a weak start to October | Free press

by time news

Frankfurt / Main (dpa) – After the weak September, October also started with discounts on the German stock market.

The Dax initially fell below the 15,000 point mark in early trading on Friday. Most recently, the leading German index was still down 0.83 percent at 15,134.78 points.

“More and more investors are questioning the rally of the year critically,” noted portfolio manager Thomas Altmann from asset manager QC Partners. The focus is on the question of whether companies would be able to achieve the expected profits even if interest rates in the US were to be raised sooner and faster.

The ongoing concerns that the central banks would soon be able to pump less money into the markets due to rising inflation weighed heavily on the Dax this week. There is currently a gloomy weekly balance of around two and a half percent minus.

The MDax of the medium-sized stock market stocks was also listed on Friday, down 0.98 percent at 34,031.30 points. The leading index of the Eurozone EuroStoxx 50, which had slipped below the mark of 4,000 points for the first time since July, was most recently again at 4004.49 points, which meant a minus of 1.08 percent.

In this country, investors in the Dax took profits with numerous stocks in early trading: shares in the laboratory service provider Sartorius, for example, fell by almost four percent, bringing up the rear. The day before, the investors had sought refuge in the corona winner.

In return at the top of the Dax, the shares of the utility Eon, which had been thrown out of the depots the day before, were in demand with a premium of around one and a half percent.

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BMW shares were only able to benefit to a limited extent from the carmaker’s raised earnings forecast. With minus 0.4 percent, they did a little better than the market. The Bavarians had raised their targets because the prices for used and new cars are rising and this outweighs the headwind from the semiconductor bottlenecks.

A sell recommendation by Exane BNP weighed on the MDax Telefonica Germany, for the papers it went down by almost five percent to a low since August. In the back ranks of the stock exchanges, Leoni stood out with an increase of 1.5 percent. The cable and wiring system specialist is about to sign a binding agreement on the sale of a division that has been offered for a long time to the US group Bizlink. Dealers especially praised the inflow of funds through the deal.

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