FRANKFURT (dpa-AFX) – The 16,000-point mark remains the focus of Dax (DAX 40) investors (DAX 40). After the rally on Friday, the leading German index stayed just below this psychologically important hurdle at the start of the week, but hardly moved. This Tuesday, numerous quarterly reports from German companies are the focus, before inflation data from Germany and the USA in the afternoon attract attention on Wednesday. Another topic remains the threat of US default if Congress does not raise the debt ceiling soon.
One hour before the start of the stock exchange, the X-Dax signaled an increase of 0.06 percent to 15,962 points. The Eurozone benchmark index EuroStoxx 50 (EURO STOXX 50) is also expected to remain virtually unchanged.
“The stock markets remain sideways,” wrote the experts at Credit Suisse after the New York Stock Exchange. Wall Street and Nasdaq, like the Dax, had not found a clear direction on Monday. The leading German index has been moving in a range of around 400 points or just over two percent for four weeks. He gets support under 15,700 points, but so far it’s over at 16,000.
On the company side, Daimler Truck, with its final quarterly figures, and Fresenius, with its first key figures, are likely to attract attention from the leading index Dax. The commercial vehicle manufacturer Daimler Truck was able to almost triple its profits in the first quarter after costs for the withdrawal from Russia had impacted it a year ago. However, incoming orders fell compared to the strong prior-year figure. On the Tradegate trading platform, the share rose slightly compared to the Xetra close on Monday.
The hospital operator and medical group Fresenius (Fresenius SECo) got off to a surprisingly dynamic start to the new year. Sales rose moderately, and although the operating result adjusted for special effects fell, it was still significantly better than analysts had expected. According to a trader, the figures for the dialysis subsidiary FMC (Fresenius Medical Care) in the MDAX were also convincing at first glance. The papers of both companies increased before the market.
Evonik (Evonik), on the other hand, gave way on Tradegate. The specialty chemicals group is a little more cautious about profit development in 2023 due to the price pressure on animal feed protein methionine and standard petrochemical products. K+S (K+S) also lost before the market, because the fertilizer manufacturer was also more cautious about the current year. He lowered his operating profit guidance range and also lowered free cash flow.
Apart from numerous other companies with numbers, there are still changes to be made in the composition of the MDax and SDAX. This Tuesday, SMA Solar takes the place of the drug researcher Evotec (EVOTEC SE) in the index of medium-sized stocks, which gave SMA further upside impulses before the market. The share had temporarily reached a record high of 109 euros the day before, but then fell back a bit. Due to a cyber attack, Evotec did not manage to submit its audited annual report on time and had to leave the index. For SMA, Süss Microtec (SÜSS MicroTec SE) moves up in the index for the smaller stocks below the MDax./ck/mis
Image sources: Julian Mezger for Finanz Verlag