2023-12-18 17:18:51
Frankfurt/Main.
After the recent rally on the German stock market, investors took some profits at the start of the week. The Dax was 0.36 percent lower at 16,691 points in the afternoon. The MDax of medium-sized company stocks fell by 0.67 percent to 26,953 points on Monday afternoon. The Eurozone leading index EuroStoxx 50 fell by around 0.4 percent.
The mood in the German economy deteriorated. The Ifo business climate, Germany’s most important economic indicator, fell in December, while analysts had expected it to rise.
Among the individual stocks, the shares of the Deutsche Börse were the most in demand with a plus of 1.7 percent in the Dax following a buy recommendation from UBS.
The shares of Thyssenkrupp Nucera reacted to the electrolysis specialist’s annual figures with an increase of 5.3 percent. The plant manufacturer significantly increased its operating result in the last financial year.
The electronics retailer Ceconomy expects further operational improvements in the new financial year. Sales are expected to increase slightly in 2023/24 after adjusting for currency and portfolio effects, and the adjusted operating result is expected to increase significantly. However, investors reacted with disappointment: As the bottom of the SDax, the share recently fell by 8.4 percent.
In contrast, the stocks from Energiekontor, the SDax leader, shot up by 6.0 percent. The wind and solar farm operator raised its profit outlook after selling a wind farm project in Scotland.
The euro was last traded at $1.0922. The European Central Bank set the reference rate on Friday at 1.0946 (Thursday: 1.0919) US dollars.
On the bond market, the current yield fell from 2.07 percent on Friday to 2.06 percent. The Rex bond index rose by 0.17 percent to 128.07 points. The Bund future rose by 0.03 percent to 137.24 points. (dpa)
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