Frankfurt (dpa-AfX)-Positive signals on US customs policy gave the Dax a strong thrust on Wednesday. A course jump in the shares of Europe’s largest software manufacturer SAP (SAP SE) was added as a drive. The German leading index attracted 2.3 percent to 21,789 points and again approached the 22,000-point mark, at which a price slide had started at the beginning of April because of the customs policy of US President Donald Trump.
The MDAX of medium -sized companies rose by 1.3 percent to 27,621 points. For the Eurozone-Leiten-Leindex EuroStoxx 50, it went up by 2.3 percent.
Trump did not signal to fight with hard bandages in the customs dispute with China. According to media reports, US Finance Minister Scott Bessent also promised an early de-escalation of the conflict.
The day before, fears had spread at the markets with a view to US Federal Research chief Jerome Powell after Trump had once again attacked it verbally. In this regard, the US President now emphasized no discharge intentions.
“There is a relief that the US President is again striking somewhat milder tones in the direction of Fed, after investors had to calculate the central bank manager as a risk factor until yesterday,” wrote capital market strategist Jürgen Molnar from the Robomarkets Handelshaus. At the same time, Trump wanted to be “nice” to China and thus set the course to a de -escalation in the trade dispute with the second largest economy. According to Molnar, the stock exchange is now putting the topic of tariffs not completely disappearing from the scene, but at least experienced its peak with the cardboard board at the beginning of April.
SAP benefited from his in the first quarter Job cuts from the previous year. Because many employees only left the company at the beginning of the year, the savings of decreasing areas were largely only used in the first three months of this year. According to analyst Charles Brennan from the Jefferies investment house, the business figures according to the price weakness and against the background of the economic uncertainty as a whole should have a “encouraging” effect. With an increase of 9.6 percent, SAP was by far the largest winner in the DAX.
In addition to the general economic hopes of convincing quarterly figures of the Dutch Group Akzo Nobel, chemical values benefited in this country. So BASF, Wacker chemistry and lanxess won between 1.8 and 4.4 percent.
For Delivery Hero’s papers, it went up 4.5 percent. The investors appreciated that the food delivery service continues to withdraw from unattractive markets for him. The Asia subsidiary Foodpanda will hire the operation of the platform and its food and grocery delivery services in Thailand on May 23.
In the meantime, investors made further cash in armaments such as Hensoldt, Rheinmetall and Renk. The shareholders lost up to 6.4 percent. Dealers refer to current tendencies in the Russian attack war against Ukraine as a trigger. In the main question, conversation material provided media reports, according to which territorial abrasion to Russia are the subject of talks between Washington and Moscow. According to a report by the “Financial Times” Vladimir Putin have signaled the willingness to stop the invasion along the current front line ./la/jha/
— from Lutz Alexander, dpa-Afx —