(In the 5th paragraph, 1st set, the weekday was deleted.)
Frankfurt (dpa -AfX) – The German stock market was under pressure on Tuesday. The DAX slipped significantly below the psychologically important mark of 24,000 points, which it had only overcome the day before. Investors are more careful with high risks in view of the gear heights achieved. In addition, the US exchanges are weakly expected after a weekend in the holiday.
Rising interest rates and concerns about France were also referred to the market. The debt of the French state in particular is increasingly concerned with the financial markets, said economist Andrzej Szczepaniak from Bank Nomura.
In the afternoon, the German leading index gave up 2.0 percent to 23,555 points and now sagged significantly below the 100-day line. It is a medium -term trend indicator and currently runs at a little over 23,660 points. Several short and medium-term trend lines had already been broken down last week.
The MDAX fell under 30,000 points on Tuesday afternoon. Most recently, the index of medium -sized companies lost 2.7 percent to 29,632 points.
With a view to the government bonds, the return on 30-year-old federal bonds reached the highest level since 2011. In the USA, the return of the 30-year-old bonds also rose strongly and British government bonds climbed to the highest level in 27 years. Rising interest rates also meant higher financing costs, explained portfolio manager Thomas Altmann from QC Partners. And then they then push directly to the profits of the companies. In France, the return on the directional 10-year bonds is currently above the Greek.
Investors also concerned concerns about the power struggle around the US Federal Reserve and its other monetary policy procedure. The effects of the US president’s customs policy also unsettle. “There are currently many new risk clusters who could still ensure considerable fluctuations in the financial markets,” warns market expert Andreas Lipkow.
Under the individual values, the FMC share (Fresenius Medical Care (FMC) ST) lost 5.3 percent in the DAX. A sales recommendation by the major Swiss bank UBS. Analyst Graham Doyle referred to structural risks regarding business development in the USA and the risk of falling consensus estimates for the operational result.
Siemens (Siemens) gave up 3.9 percent and suffered from a gradation from amber research on “Market-Perform”. Analyst Nicholas Green justified his step with the strong price gains of the stock in recent years. Commerzbank, graded by Morgan Stanley on “Equal-Weight”, lost 2.9 percent. At the current level of evaluation, further progress in the Frankfurt business plan is necessary, wrote analyst Alvaro Serrano.
A violent slump in course of almost a third suffered in the SDAX SMA Solar. The manufacturer of inverters for photovoltaic systems reduced his forecast for the current year and is now expecting an operational loss. The restructuring trees already initiated should be tightened again.
However, the fact that the engine farmer Deutz is expanding his still small shop in the armaments market with the planned purchase of the Sobek Group, a drive specialist for drones. The paper was the only one of the 70 SDAX value. It rose by 3.7 percent./ck/mis/jha/
— from Claudia Müller, dpa-Afx —