The DAX, which was weaker the day before, is likely to stand still again on Thursday. Investors have the numbers of a heavyweight in mind.
The leading German index opened this Thursday’s session with a marginal increase of 0.21 percent to 24,202.78 points. The stock market barometer is currently falling slightly again, but everything is still within a narrow range.
It is now important to defend the around 24,000 point mark, which the DAX clearly fell below on Friday.
No more records in sight
It was only on October 9th that the DAX reached a new record high of 24,771.34 points. Ultimately, it ended that day at 24,611.25 units, which was also a new record based on the closing price.
US stock exchanges with weak guidelines
On Wall Street, the most important US indices temporarily fell significantly on Wednesday after the end of trading in Europe. Ultimately there was a clear minus. Overall, they were just ahead of their records from the beginning of the month.
SAP: DAX heavyweight with numbers
According to the quarterly report, which was published after the US stock market closed, SAP SAP SE is likely to play the main role in the German market. SAP has become more cautious about its annual growth targets due to currently more cautious customers. SAP shares traded in the USA fell four percent after trading
However, Jefferies analyst Charles Brennan noted a better mood in the conference call than after the second quarter. This applies in particular to the current cloud backlog, i.e. the contractually guaranteed cloud revenues in the next 12 months.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires