Frankfurt (dpa -Afx) – The DAX has resumed its record course for the middle of the week. With 24,346 points, the German leading index reached the highest level of its history and closed with an increase of 0.77 percent at 24,276.48 points. The MDAX of the medium -sized values climbed over the 31,000 points for the first time in three years and ended with an increase of 0.83 percent at 31,029.82 points.
Tax reduction plans in Germany gave boost in the morning, especially in the morning. With tax relief, the federal government wants to ensure that the economy invests more and comes out of the crisis. The cabinet in Berlin decided to do a billion -dollar package with extended depreciation options for machines and electric vehicles.
A statement by US President Donald Trump that it was difficult to achieve a trade success with China’s head of state XI ultimately did not really counter the positive course.
Job data from the USA was weaker than expected. This actually suggests that the expectations of interest reductions increase through the FED. There were hardly any positive impulses in the stock corporations in this regard.
“According to the market, the zenith of customs rhetorics seems to be clearly exceeded,” wrote the experts from Index Radar. “Instead of panic, we experience serenity – sometimes even indifference.” The doubling of the US tariffs to steel and aluminum from 25 to 50 percent is simply ignored.
Ultimately, investors rely on the global trade conflicts take a good end. This supports the stock market as well as the hope of an economic stimulation in the Euro zone as well as the current interest environment. Market observers expect that the European Central Bank (ECB) will reduce the key interest rate again on Thursday. Inflation data from the euro zone recently published this assumption.
In the DAX, Infineon won 4.2 percent in the so -called positive news about Broadcom. The US company has started delivery of a new version of its switch chips for data centers. Broadcom wants to play a larger role in the booming AI market.
Airbus (Airbus SE) attracted 2.3 percent. China could order hundreds of aircraft from the world’s largest aircraft manufacturer in the coming month as part of the visit to European State Heads, the Bloomberg news agency reported on informed circles.
A course debacle, on the other hand, experienced the papers of the online mail order pharmacy Redcare (Redcare Pharmacy (EX Shop Apotheke)) in the MDAX. Kepler Cheuvreux had deleted the purchase recommendation. Expert Sven Sauer sees a “critical, structural risk” for online pharmacies and your e-recipe business in the voluntary healthid.
Steel values such as Thyssenkrupp, Salzgitter DE0006202005 and Klöckner & Co (Klöcknerco (Klöco)) recorded course premiums between 0.6 and 3.0 percent. Dealers refer to quarterly figures from Voestalpine. The Austrians had cut off better than expected, the UBS wrote.
The shares of Wacker Neuson (Wacker Neuson SE) increased by 8.4 percent. As reported by the Bloomberg news agency, citing insiders, the major shareholders consider a sale of the construction machinery manufacturer. For the current year there is an impressive price increase of around 63 percent, which means that Wacker Neuson is one of the top values in the SDAX.
SFC Energy (SFC Energy) increased by 7.7 percent. The fuel cell provider received a large order from Denmark. Thyssenkrupp Nucera got a large order for planning an electrolysis system. For the papers, more than 15 percent high at the Sdax tip. The papers of the car and industrial supplier Stabilus (Stabilus SE) increased by 2.2 percent. The company confirmed the medium-term sales and margin goals for 2030 at an investor event./Edh/men
— from Eduard Holetic, dpa-Afx —