2023-07-12 11:07:58
The Dax continued its recent recovery on Wednesday. In early trading, it was up another 0.21 percent to 15,823 points. After four consecutive days of losses at the beginning of last week, the leading index could now have just as long a profit streak. The M-Dax of medium-sized titles gained a moderate 0.11 percent to 27,348 points in the morning. The leading eurozone index, the Euro Stoxx 50, was somewhat firmer.
However, the cards could be reshuffled in the afternoon. Then the consumer prices for June will be published in the USA. Should inflation exceed market expectations, fears of further increases in key interest rates could resurface on the financial markets. That would weigh on the stock exchanges, because rising interest rates make it more expensive for companies to refinance. In addition, higher interest rates reduce borrowing and thus economic growth.
Zalando took the lead in the Dax with a plus of 2.8 percent. The reason for the profits were the quarterly figures from the competitor About You. The online fashion retailer surprisingly ended the first quarter of the business year with an operating profit thanks to austerity measures. About You shares jumped 15 percent. However, they had lost around 80 percent since going public two years ago.
Infineon increased in price by 2.3 percent. Here, the US bank Jefferies no longer recommends selling. Deutsche Bank papers lost 1.3 percent and were at the bottom of the Dax. The investment house Keefe, Bruyette & Woods has removed the buy recommendation for the shares.
Christian Siedenbiedel Published/Updated: , Recommendations: 5 Achim Matzke Published/Updated: , Recommendations: 1 Christian Schubert, Rom Published/Updated: , Recommendations: 8
Analyst comments also caused movement in the M-Dax. Positive assessments of the chip supplier Aixtron and the dialysis provider FMC allowed the prices to increase by a good three percent each. FMC hit the highest level in a year.
In the third row in the S-Dax, the shares of the telecom provider United Internet and 1&1 took the lead with premiums of more than five percent each. The analyst firm Redburn, which belongs to the Rothschild financial group, has recommended buying both shares.
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