Shares Frankfurt outlook: Dax expected to continue in reverse

FRANKFURT (dpa-AFX) – After the weaker start to the week, further losses are initially evident on the German stock market on Tuesday. One hour before the start of trading for the Dax (DAX 40), the X-Dax signaled a minus of 0.3 percent to 15,914 points. The day before, the Dax had initially followed the strong end of the week with 16,114 points in early trading, but then ultimately turned negative. The euro zoneThe leading index EuroStoxx 50 (EURO STOXX 50) was also expected to fall by 0.3 percent on Tuesday morning.

“It is still unclear which direction the Dax will take. And so long many will remain under cover. New entries and profit-taking are roughly balanced. The fear of being positioned on the wrong side in the next big movement has recently increased significantly “, explained market analyst Thomas Altmann from QC Partners.

After the recently settled US debt dispute, interest rate developments are once again in the foreground. The experts at Credit Suisse believe that there is a 70 percent probability that the US Federal Reserve will raise interest rates again in June or July and expect the tightening course to continue for some time to come. However, voices in the market are getting louder and louder, who see signs of a weakening of the US economy and thus an imminent interest rate break in the latest economic data.

Among the individual values, changes in the composition of the leading German indices could cause movement. On June 19, Deutsche Börse will include the shares of Evotec (EVOTEC SE), KRONES, Software AG (Software) and Shop Apotheke (Shop Apotheke Europe NV) in the MDAX. In return, Aroundtown (Aroundtown SA), United Internet, and Siltronic ADTRAN have been relegated to the SDAX small-cap index.

Symrise’s shares could also attract some interest. As expected, the fragrance and flavor manufacturer submitted a mandatory offer to acquire Swedish pet food specialist Swedencare. However, the offer of 37.50 Swedish crowns per share is well below Monday’s closing price of 42.07 crowns.

And chip company stocks might also be worth a look after the world’s largest chip contract manufacturer TSMC (Taiwan Semiconductor Manufacturing) became a bit more cautious about its 2023 investment plans.

In addition, the papers of Deutsche Pfandbriefbank (pbb) fell before the market. A negative analyst comment from Citigroup./edh/mis

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