Home » Dax turns round simply earlier than the document excessive

Dax turns round simply earlier than the document excessive

by admin
Dax turns round simply earlier than the document excessive

The Dax weakened on Tuesday simply earlier than a document excessive. In the morning, Germany’s main index got here inside 37 factors of its mid-May peak at lower than 18,893 factors. But the environment there turned very skinny. The DAX turned down and closed 0.52 % decrease at 18,677.87 factors on the finish of buying and selling.

The DAX was not supported by the 5 heavyweights SAP, Siemens, Airbus, Deutsche Telekom and Allianz, whose costs fell. Here the loss reached about two % of SAP.

Despite the DAX’s decline, inventory market buyers proceed to see it proceed its upward pattern. “Right now it seems to be just like the bulls need to hunt the German inventory index in peace,” wrote strategist Jürgen Molnar of brobomarkets. The pessimists of the market have apparently withdrawn with out brief obstacles, the DAX appears to have the ability to rise.

The MDax of medium-sized shares couldn’t preserve the preliminary good points on Tuesday and finally fell by 0.54 factors to 27,134.66 factors.

At the highest of the DAX, Siemens Energy rose almost 4 %, to its highest stage in almost three years. In the present yr, they’ve outperformed all different DAX shares with a premium of just about 124 %. Concerns out there concerning the monetary situation of the power know-how producer have subsided and the wind power trade is rising quickly once more, writes analyst Oliver Wojahn of MWB Research.

Symrise shares gained 1 % after a purchase suggestion from Deutsche Bank. Analyst Virginie Boucher-Ferte got here out of an investor assembly with the flavour maker’s chief monetary officer with a optimistic outlook. Everything is okay, stated the professional.

See also  Ping An Trust apologizes!The redemption of one of its products is deferred_Oriental Fortune Network

On MDax, Redcare Pharmacy prolonged its current restoration by greater than 5 %. Analyst Martin Comtesse from funding financial institution Jefferies sees the pullback, which has triggered the net pharmacy’s shares to fall 37 % from a year-to-date excessive in April to final week, as a shopping for alternative.

The main Eurozone index EuroStoxx 50 misplaced 0.57 % to 5030.35 factors. The main indexes in Paris and London fell barely. In New York, the Dow Jones Industrial Average was down 0.4 % in late European commerce.

In the international trade market, the euro continued to stabilize and rose to 1.0876 US greenback. The European Central Bank (ECB) set the reference fee at $1.0882 within the afternoon.

In the bond market, the present yield fell from 2.66 % on Monday to 2.62 %. The Rex bond index rose 0.18 % to 123.96 factors. Bund futures fell 0.21 % to 130.00 factors within the night.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy