Frankfurt (dpa-AfX)-Hopes for a de-escalation in the US customs conflict and the course jump of the SAP share scored over 22,000 points on Wednesday. However, the leading index could not stay above this psychologically important brand. The trade is still nervous and rich in fluctuating, warned chief market analyst Jochen Stanzl from the Broker CMC Markets.
With a surcharge of 3.14 percent to 21,961.97 points, the DAX ended the day. The MDAX rose by 1.41 percent to 27,663.22 points. For the Eurozone-Leitenindex EuroStoxx 50, it was 2.77 percent up to 5,098.74 points. The lead exchanges in London and Zurich also increased. In the United States, the Dow Jones Industrial won almost 2 percent in Europe. Even clearer recreational gains posted the nasdaq indices that are predominantly equipped with technology stocks.
“Today, two short headlines were enough to put the investors back into buying mood. Trump wanted to be ‘nice’ to China and also did not release the central bank boss,” stated Stank. For example, US President Donald Trump had signaled not to fight with hard bandages in the customs dispute with China. On top of that, despite his attacks against Jerome Powell, he had emphasized that he did not want to fire the Fed boss.
In the later course of the day, the “Wall Street Journal”, citing the matter, reported that the US government was considering a significant reduction in tariffs to Chinese goods. That gave the stock exchanges an additional thrust in the afternoon. This briefly helped the DAX to the 22,000-point mark, at which the recent course slide had started at the beginning of April because of the US customs policy. The fact that the winnings quickly crumbled again should be due to the statement Scott Bessens. The US finance minister emphasized that there would be no one-sided offer from Trump to reduce tariffs to Chinese products.
SAP (SAP SE), which jumped up by 10.6 percent in the DAX, were particularly in demand on this day. Europe’s largest software company benefited from the previous year in the first quarter. Because many employees only started at the beginning of the year, the savings were largely carried out in the first three months of this year. SAP defied the general uncertainty, Warburg analyst Andreas Wolf commented on the numbers. The sales goals for the cloud business remained solid. He sees the soil for further stock returns or strategic takeover.
Last but not least, German chemical values benefited from convincing quarterly figures from the Dutch Akzo Nobel group. So BASF, Wacker Chemistry and Lanxess won between 2.4 and 3.2 percent.
For Delivery Hero’s papers, it went up 5.4 percent. On the market, it was positive that the food delivery service continued to withdraw from unattractive markets for him. The Asia subsidiary Foodpanda will stop operating in Thailand in May.
There was further cash in armaments such as Hensoldt, Rheinmetall and Renk. The shareholders lost up to 5.5 percent. Dealers refer to the struggle for an early peace agreement between Ukraine and Russia, in which the United States has now increased the pressure and threatened with retreat from the talks. In addition, according to a report by the “Financial Times” Kremlin boss Vladimir Putin, his willingness has signaled to stop the invasion along the current front line./CK/HE
— from Claudia Müller, dpa-Afx —