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Down:
The Dax gives way on Tuesday
Photo: AFP
Concerns about inflation and rising bond yields are weighing on the German stock market.
The Dax fell by 1.8 percent by the afternoon and temporarily fell below the 15,000 point mark.
Against the weaker trend, the share of vaccine manufacturer Biontech continued its price rally.
Investors on the stock market were worried about the rising bond yields.
So those of the ten-year federal titles remained with minus 0.192 percent within striking distance of their 14-month high on Monday.
"The higher interest rates are a threat to companies and states alike," warned QC expert Altmann.
They made the companies' investment plans and the state economic stimulus programs to overcome the coronavirus pandemic more expensive.
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Biontech vaccine to be released for adolescents - shares continue to soar
A media report about the imminent release of the coronavirus vaccine from Biontech in the USA for children aged twelve and over ensures that the shares of the German biotech company accelerate their price rally again.
They rose in early trading by a further 7 percent to 185 euros, after they had already increased by 9 percent the previous day.
The price of the Biontech share has almost doubled since the beginning of April.
Otherwise, quarterly reports once again gave impetus: The shares of
Infineon
fell by around 3 percent, although the chip manufacturer had presented a quarterly result that exceeded market expectations and raised its full-year targets.
On the other hand, the property group
Vonovia
went up after its quarterly report.
The shares gained 0.7 percent.
Otherwise,
Osram was also the subject of
conversation
.
With the takeover of the German lighting specialist, the sensor manufacturer AMS is opening a new chapter with a planned farewell to the stock market.
The remaining Osram shareholders will be offered EUR 52.30 per share - perhaps too little compared to the price.
The shares rose by 1.2 percent to 52.55 euros and thus above this price.
Bitcoin and Ethereum with losses
After the profits from the previous day, the cryptocurrency Bitcoin went down again on Tuesday.
Most recently, Bitcoin was quoted on Bitstamp at $ 56,200.
Ethereum investors are taking advantage of recent price records for profit-taking.
The second most important cyber currency lost a good 3 percent to $ 3,182.11 after it had hit a record high of $ 3,457.83 in Asian trade.
Wall Street weaker: tech stocks are falling again
Concerns about inflation and rising interest rates are likely to weigh on technology stocks again at the start of the US stock market on Tuesday. Investors are therefore continuing to shift from pandemic winners, for example from the tech sector, to beneficiaries of a reopening after the crisis.
One and a half hours before the starting bell, the broker IG valued
the leading index
Dow
Jones
Industrial 0.23 percent weaker to 34,035 points. The industry's incoming orders in March are published half an hour after the stock market starts. In contrast to the standard values, the technology-heavy Nasdaq 100 had already closed lower the day before. It should also start with losses this Tuesday, as the indication with minus 0.7 percent indicated.
After a surprisingly strong start to the year, the
pharmaceutical
company Pfizer
raised its targets for 2021 significantly.
In the first quarter, Pfizer benefited significantly from the corona vaccination marketed jointly with the German Biontech, but also increased other products, for example against cancer.
Pfizer shares were up 1 percent.
The sporting goods manufacturer
Under Armor also
increased its forecast for the year after an unexpectedly good start to the new year.
The shares rose by 3.6 percent before the market.
Investors also reacted with relief because a fine from the Securities and Exchange Commission was relatively low.
The SEC had paid Under Armor $ 9 million for violating securities laws and misleading investors.
Oil prices are rising significantly
On Tuesday, oil prices picked up on their previous day's gains and increased significantly. At noon, a barrel (159 liters) of North Sea Brent cost 68.75 US dollars. That was $ 1.19 more than Monday. The price of a barrel of the US West Texas Intermediate (WTI) rose by $ 1.13 to $ 65.62. Progressive vaccinations in the USA and now also in Europe are creating confidence in the oil market. This raises hopes for fewer restrictions on public life, more economic activity and higher oil demand. The commodity experts at Commerzbank refer to large investors who are betting on further increases in prices on the financial markets.
A constant threat, however, is the tense corona situation in large oil-consuming countries such as India or Brazil. In addition, the oil network Opec + wants to expand its offer step by step starting in May.
The additional crude oil meets a corona-related fragile demand.
with news agencies