FRANKFURT (dpa-AFX) – After a botched start to the year, the German stock market remains counted on Thursday. However, the continued restrictive stance of the US Federal Reserve Bank could prevent a clear recovery in prices for the time being. After the biggest daily loss of the Dax (DAX 40) since October the day before, the German leading index at least recovered slightly in the morning by 0.3 percent to 16,594 points.
The Fed wants to maintain its restrictive stance until inflation falls clearly and sustainably. This emerged from the minutes of their most recent interest rate meeting published the evening before. Prices are also forecast to recover slightly on Thursday for the US stock exchanges, which were weak the day before.
Sentiment data from the Eurozone and consumer prices from several federal states had little influence on the prices. In the USA, however, job data from the service provider ADP could provide stimulus – one day before the official labor market report for December, the economic peak of the week.
The MDAX of the 50 medium-sized stock exchange stocks fell by 0.3 percent to 26,162 points on Thursday. Share price losses from Evotec, Aixtron and Puma dragged the MDax into the red.
The Eurozone leading index EuroStoxx 50 (EURO STOXX 50) was somewhat firmer.
Cautious statements from sports fashion retailer JD Sports dampened the mood in the industry. At the end of the DAX, adidas lost 4 percent and Puma shares (PUMA SE) lost 3.2 percent. The shares of JD Sports (JD Sports Fashion) fell by more than 20 percent in London.
The resignation of the long-time boss of Evotec (EVOTEC SE) caused a shock among investors. After almost 15 years, Werner Lanthaler is stepping down for personal reasons before his contract expires. Evotec shares then fell by almost 20 percent.
Aixtron (AIXTRON SE) shares lost 3.5 percent after bank UBS listed the chip manufacturing equipment manufacturer’s stocks as a “sell”. Siltronic rose in price at the top of the MDax by 3.6 percent after a positive comment from the investment house Oddo BHF.
Hapag-Lloyd shares reached their highest level since mid-October at plus 10 percent. According to experts, large shipping companies have been benefiting from rising freight rates since mid-December because they have been avoiding the Red Sea because of the attacks there by Houthi rebels. This means that transport routes are extended./bek/mis