Frankfurt (dpa -AfX) – The German Börsenbarometer Dax continued its positive run on Tuesday and benefited from well -taken quarterly reports. The focus is also on the GfK consumption climate for May. It shows that the mood among consumers in Germany is cloudy, but has lightened up something and was better than forecast.
On top of that, reports from the “Wall Street Journal” and the Bloomberg news agency are likely to create an additional good atmosphere for the automotive industry about tariffs when it comes to tariffs. There should now be relief here.
After five friendly trading days, the German leading index rose by 0.5 percent in early trade to 22,384 points. The day before, the DAX had even increased to 22,443 points for a short time and had thus recovered by a good 21 percent from its month.
The “Day of Liberation” from the United States, announced by US President Trump by massive customs packages, has been compensated for again, but the leading index is now technically encountering resistance in order to rise significantly. This was already evident at the start of the week when the profits until the end of the trade largely crumbled.
“The current rally is impressive,” commented portfolio manager Thomas Altmann from QC Partners in Frankfurt. However, the willingness to buy would. “The trade volume for the 40 DAX shares was as low the day before as last on the US holiday in February.” In addition, the political and trade -political situation remains fluctuating.
The MDAX of medium -sized companies rose 0.9 percent to 28,565 points in early trade. For the Eurozone-Leitenindex EuroStoxx 50, it was 0.1 percent up to 5,176 points.
Among the individual values are in view in the Dax Rheinmetall, MTU (MTU Aero Engines) and Deutsche Bank with convincing quarterly figures. Accordingly, the shares of these three companies also took the top positions in the leading index. According to its number of corner numbers, the armaments manufacturer Rheinmetall not only took first place among the 40 DAX companies with an increase of 5.1 percent, but is also on its way to his record high of 1,500 euros, which was reached in mid-April. Deutsche Bank’s papers won 3.5 percent and that of the engine manufacturer MTU 3.0 percent. Syryrise was only slightly in plus at 0.2 percent after mixed numbers of the flavors and fragrance manufacturer.
The share certificates of the German stock exchange (German stock exchange) were referred to the back in the DAX with minus 5.0 percent. And the papers of the sports car manufacturer Porsche did not do much better, who gave up 4.7 percent. The stock market operator had a weaker than expected annual start. Porsche had cut its annual goals because of the US tariffs and additional costs for batteries.
In the MDAX, the shares of the Kochboxen sender Hellofresh rose to the top with plus 5.1 percent. Above all, market participants praised the significantly improved profitability.
The Deutsche Bank subsidiary DWS (DWS Group GmbHco) recently gave up 1.6 percent at the end of the index after a friendly start. Despite the strong number of quarterly, a dealer complained about the costs of the asset manager.
The shares of the Mutares investment company, which fell up by a little more than 14 percent, were also high in attention. Not only that the SDAX company reported surprisingly little in the past financial year. It also announced the postponement of the tested annual and group financial statements due to an increased examination and documentation effort. This should also result in a temporary exclusion from the small-scale index. The figures presented in the morning for the first quarter, which showed a significant increase in operational profit after portfolio conversion, ultimately helped little.
Ex Dividend is traded on Tuesday Henkel (Henkel VZ )./ck/jha/