indexes in this article
FRANKFURT (dpa-AFX) – The tentative recovery of the previous day continued dynamically on the German stock market on Thursday. A cautiously friendly trend had already prevailed in the Asian stock exchange business. After the recent setback of the Dax (DAX 40), it has potential for recovery, at least in the short term, wrote the Landesbank Helaba. The leading index (DAX 40) rose in early trading by 1.4 percent to 13,990 points and headed back towards the 14,000 mark.
In the afternoon, inflation data from Germany should attract interest. With inflation well above seven percent, the European Central Bank (ECB) has been under considerable pressure for some time to follow the example of the US Federal Reserve and raise interest rates. This, together with fears of a recession, had recently weighed on the stock markets.
The MDAX of medium-sized stocks gained 0.9 percent in the morning to 30,075 points. The leading eurozone index, the EuroStoxx 50 (EURO STOXX 50), recovered by 1.3 percent.
At the top of the Dax is HelloFresh, one of the biggest price losers this stock market year. The quarterly report from the mail-order company provided some relief among investors. The shares, which had risen sharply the day before, gained another 10 percent. On the other hand, Delivery Hero’s shares lost 1.5 percent according to the food supplier’s quarterly figures.
A recommendation by the US investment bank Goldman Sachs for the shares of Allianz helped these to a premium of 2 percent.
According to the quarterly figures of a number of companies, price losses prevailed for the second-line stocks in the MDax and SDAX. The shares of WACKER CHEMIE, Kion (KION GROUP), Fielmann and Drägerwerk fell by 0.7 to 5 percent.
The shares of LPKF (LPKF LaserElectronics), on the other hand, jumped 10 percent. After a difficult year in 2021, the laser specialist is back on a growth course./bek/mis