Frankfurt (dpa -AfX) – Investors on the German stock market remained confident at the end of an early turbulent week. The DAX rose 0.3 percent in early trade on Friday to 24,450.18 points. For the MDAX, it was 0.5 percent to 31,157.68 points and the Eurozone-Leindex EuroStoxx 50 increased similarly.
After the DAX was able to defend the important technical brand of 24,000 points in the current week, it now continues to run to its approximately a week -old record of 24,639 points. At the beginning of the week, the trade dispute between the United States and the EU had burdened the stock markets after US President Donald Trump threatened the EU with high insertion duties. In the meantime, however, a certain habituation effect has found its way into the investors. Investors continue to rely on negotiation solutions. However, if no agreement is found, it could be turbulent on the stock exchange.
A loosening of the US editions for semiconductor exports to China and business figures of the world’s largest chip mandate TSMC (Taiwan Semiconductor Manufacturing) also caused a tailwind during the week. The high demand for high-performance computer chips related to the megatrend artificial intelligence continues to bubble the profits of the group. This also drove the shares of semiconductor companies and industry tankers, such as Infineon, Aixtron (Aixtron SE) and Kontron.
“Despite all the risks from the smoldering trade conflict and the future of the US Federal Reserve, investors remain in the mood, there is apparently still a facility emergency,” explained expert Jürgen Molnar from Robomarkets. In doing so, he also alludes to the uncertainty with regard to the future of the head of the US Federal Reserve Jerome Powell, which Trump has been urging for a long time.
“If you are not in the market, want and have to go in, and if you are in there, you stay in because it seems to only go up,” continued Molnar. The seasonality for the stock market is still speaking, but the wind could turn from August.
On Friday, the views of the German market are focused primarily on the shares of Salzgitter. The steel company lowered the forecasts for the year after a weak second quarter. Even in the second half of the year, no noticeable market recovery was to be expected, the company said. The stock price was around 15 percent down, but in 2025 there is still a price plan of 39 percent on the note.
After graduating from the Jefferies investment house, SMA Solar’s shares also fell even further. The manufacturer’s papers from Solar interrichers slipped by 11 percent to 19.49 euros. Jefferies expert Constantin Hesse spoke of a dark view and coated his price to 16 euros and now votes with “underperform”. In its reasoning, almost everything that is reluctant to hear is found: weakness in demand, impending depreciation and probably not yet sufficient austerity measures.
The papers of the food delivery service Delivery Hero, on the other hand, recovered a good 5 percent of the recent course slip after analyst Jo Barnet-Lamb had expressed a positive effect. The market share of the South Korean food supply platform from Delivery Heros subsidiary Wowowa rose in June, the expert wrote in a study./mis/jha/