Frankfurt (dpa -Afx) – In the middle of the week, the upward swing at the German stock market has subsided. While the relaxation in the Middle East War continues, positive guidelines from New York in Germany were able to give little tailwind after the previous day rally. With driven by statements by US Federal Reserve chief Jerome Powell, the technology index Nasdaq 100 had just missed a record high the evening before.
The DAX dropped by 0.5 percent to 23,529 points on Wednesday afternoon. The MDAX, on the other hand, rose 0.1 percent to 29,990 points. For the Eurozone-Leitenindex EuroStoxx (EuroStoxx 50), it was last by 0.5 percent down.
According to the Landesbank Baden-Württemberg, the scenario of steady calm in the Middle East War the day before was quickly priced at the financial markets. Powell also signaled that the US Federal Reserve continued to wait with a view to interest policy. If inflation data is weaker than expected or the labor market deteriorates, the Fed could reduce interest rates faster, it said the evening before.
According to the LBBW expert Frank Klumpp, the eyes are looking at the NATO summit in the Hague on Wednesday. “The focus is-of course-Donald Trump”, because for the US President the NATO general secretary Mark Rutte “rolled out the golden carpet” to avoid scandal as recently at the G7 meeting. After the armaments values of Rheinmetall, Renk and Hensoldt suffered from profit from the day before, they increased by up to five percent on Wednesday.
The DHL shares (DHL Group (ex Deutsche Post)) lost 2.0 percent. The US logistics group Fedex initially had not submitted any profit forecast for the current financial year due to the uncertain global demand. According to the JPMorgan experts, the requirements are negative, especially because of Fedex’s development in international package shipping.
In the case of Commerzbank’s shares, investors decided to take profit. The course lost 4.1 percent as a Dax conclusion (DAX). The day before, he had climbed the highest level for more than 14 years with a good 29 euros, still driven by speculation to take over the Italian UniCredit.
A high class by the US bank Morgan Stanley on “Overweight” had the shares of the recycling specialist for attached to the SDAX by 10.8 percent. The papers caught up with a reset several days that started last Thursday. As has been the case several times this year, the course met with resistance in the range of 28 euros.
The top runners in the SDAX were SMA Solar’s papers with an increase of 13.6 percent. They continued the soil formation of the past few months and released the short downward trend that started in May. According to the data provider Ayondo, more than one fifth of SMA Solar’s shares are currently sold on the market. Speculative investors therefore rely on falling courses, which can trigger a so-called short squeeze if the notations rising.
Another clear winner in the small -scale area was the STRATEC (Stratec SE) stocks, which increased by 4.7 percent, who expanded their strong profits from the previous day thanks to a buy recommendation from Kepler Cheuvreux. From this Wednesday you will also be included in the SDAX because you got the Compugroup (Compugroup Medical Seco) place there. The software manufacturer was bought by the investor CVC and taken by the stock exchange.
In addition, the shares of the SDAX member Formycon moved into plus 9.0 percent. With the US company Valorum Biologics, the biopharma specialist presented a marketing partner for the FYB203 eye medication in North America. This is a imitator of the Eylea drug from Bayer, which is sold by partner Regeneron in the USA ./Edh/jha/
— from Eduard Holetic, dpa-Afx —