Frankfurt / Main (dpa) - The Dax has so far regained the round mark of 12,000 points on Friday.
It gained 1.29 percent to 12,124.34 points around noon, shaking off its losses from early trading when it fell further below 11,800 points after falling below 12,000 points the previous day. "There now seem to be a lot of bargain hunters on the market who are using the weakness in prices for acquisitions," said market expert Andreas Lipkow from Comdirect Bank.
The price drop of the previous day was triggered by a gloomy economic forecast by the US Federal Reserve. Added to this was the fear of a second wave of corona after there had recently been an increase in infections again in the southern United States. The New York stock exchanges had suffered heavy losses the previous day.
In anticipation of a V-shaped recovery in the economy, i.e. a particularly rapid and steep recovery after a previously equally rapid and rapid slump, investors had pushed the Dax up to 12,913 points up until last Monday. But now there is a strong discount of 5.6 percent on a weekly basis. The Landesbank Baden-Württemberg said that the V-shaped recovery of the economy is now being questioned again.
The latest course correction in the Dax was not yet a negative signal, but rather normal, commented the chart technology expert Andreas Büchler from Index Radar. "Investors will probably have to be able to endure a few more points, however."
Similar to the Dax on Friday, the MDax of medium-sized German stock market stocks rose by 1.28 percent to 25,841.28 points. The leading Eurozone index, EuroStoxx 50, rose by 1.7 percent.
In the Dax, the high fluctuations in Lufthansa shares continued on Friday. They gained a good five and a half percent among the best values in the leading index, but had also lost more than 20 percent since the middle of the week. The shares of the engine manufacturer MTU rose in percentage terms of similar magnitude, despite a fresh sales recommendation from Warburg Research.
Defensive values were avoided. The papers from the dialysis provider Fresenius Medical Care (FMC) were at the bottom of the Dax with a minus of 1.2 percent and for the first time since April slipped clearly below the chart-technically important 21-day line for the short-term trend.
Thyssenkrupp at the top of the MDax made up 9.7 percent of their previous day's loss. Shop pharmacies, which are among the corona crisis winners, have been placed on the "Top 8" list of small to medium-sized companies by Deutsche Bank. The paper was down two percent, but the day before, as one of the few winners on the German stock market, it had gained more than three and a half percent.
