FRANKFURT (dpa-AFX) – After the strong previous day, there were small losses in the DAX on Thursday. Almost an hour before the Xetra launch, the X-DAX for the German leading index signaled a loss of 0.3 percent to 25,196 points.
With a peak of 25,315 points, the day before, the Dax had again reached its highest level since mid-January. This also brought it closer to its record high of a good 25,507 points, which also dates from this year.
The most important US indices recovered on Wednesday. However, they were not able to fully maintain their level at the end of European trading. This was mainly because the US Federal Reserve emphasized the risks that could arise from excessive inflation in the minutes of its most recent meeting. Finally there was hope for one Interest rate cut the Fed has already pushed back.
Market participants criticized the weak outlook for the aircraft manufacturer Airbus (Airbus SE), which, although conservative, was well below expectations. On Tradegate, the shares slipped by more than 4 percent at the Xetra close.
Regarding KRONES’ annual figures, a dealer said that they were weaker than already feared. He was more positive about the outlook for the beverage bottling system manufacturer. On Tradegate, shares fell 2.9 percent.
flatexDEGIRO also fell by 2.4 percent despite the dividend increase. However, the market said that the dividend yield was still low. In addition, the online broker’s profit forecast for 2026 is below expectations.
UBS gave the mobile phone provider freenet its thumb and recommends selling it. The titles lost 3.7 percent on Tradegate. The shares of the fund company DWS (DWS Group GmbHCo), on the other hand, rose by 2.9 percent, and UBS recommends buying them. An upgrade by Morgan Stanley for Vonovia (Vanovia SE) gave the real estate group’s shares a boost, with an increase of 1.2 percent./ajx/jha/