Frankfurt (dpa -AFX) – Before the inflation data from the USA this Tuesday, the DAX behavior started on the market. The extension of the break in the customs dispute between the United States and China was perceived by investors, and greater relief did not bring it in view of the still unresolved trade dispute.
After an initially moderate friendly start of the stock market, the German leading index recently declined by 0.1 percent to 24,065 points in early trade. The record high of 24,639 points achieved a month ago remains within sight, even if there are resistances in the range of 24,500 points.
In the morning, the MDAX rose 0.1 percent to 31,298 points and for the Eurozone-Leitenindex EuroStoxx 50 it rose by 0.1 percent to 5,339 points.
The higher tariffs in the trade between the USA and China are initially exposed to, because US President Donald Trump signed a decree that provides for a further shift until November 10th. So there is initially no new disturbance until Friday when Trump and Kreml boss Vladimir Putin meet to negotiate a possible peace solution in the Ukraine war.
According to the experts at Commerzbank, the focus is on the US consumer prices that day, which are likely to have risen slightly. However, they do not rule out a certain uncertainty of investors about their quality. After Trump released the boss of the statistics authority at the beginning of the month due to poor labor market data, there could now be afraid of loss of job.
Nevertheless: Commerzbank expects from the upcoming data with a view to a possible Interest rate No further forcing of such hopes in September. Speculations in this direction have already been advanced far. “Although the pronounced probability of a 25 step in September, it has recently receded a bit, but at 88 percent it is still at a high level,” it said.
Among the individual values, the Hanover share was 2.2 down after the end of the half-year at the end of the DAX. The world’s third largest reinsurer confirmed his annual goals, but disappointed with some parameters. Above all, the operational result was significantly weaker than expected. Among the segments, it was the life back insurance business that disappointed.
In contrast, Sartorius (Sartorius VZ) won 3.5 percent at the top in the leading index. The Jefferies analysis house now recommends the pharmaceutical and laboratory supplier’s share for sale and raised the price target. A below-average growth for Sartorius and the biotech subsidiary Sartorius Stedim (Sartorius Stedim Biotech) are currently being praised on the stock exchange.
In the MDAX, real estate climbed up by 1.1 percent. In the first half of the property, the real estate group benefited from a continued high demand for living space in Germany and Poland. The annual goals were confirmed.
Norma Group (Norma Group SE) meanwhile jumped up by 13.5 percent in the SDAX. The car supplier and connection technology specialist cut off better than expected in the second quarter and also confirmed his annual goals.
In the 70 values comprehensive index below the MDAX, numerous other companies also submitted figures this morning and made statements about their views. They also included IT security service providers Secunet (Secunet Security Networks) with final figures, whose share fell up by 7.7 percent to a low since May, or Indus Holding (Indus), whose share certificates gave up by 2.4 percent. The investment company specializing in the middle class earns in the second quarter because of the weak economic situation in Germany and in world trade despite the increased sales less./CK/MIS