Enlarge image
Deutsche Börse in Frankfurt:
The Dax is close to a record high - how long will the bull stay on top?
Photo: A3602 Frank Rumpenhorst / dpa
At the height of the company's quarterly reporting season, the Dax rose on Thursday.
The leading German index was recently up 0.2 percent at 15,714 points.
The way to the previous record of 15,810 points is therefore not far.
The requirements of the international stock exchanges are rather mixed.
Wall Street losses were related to the renewed discussion about rising interest rates soon.
In the Far East, however, the stock exchanges recorded mostly solid developments.
One of the biggest winners in the Dax was Siemens' shares, up 5 percent, while Bayer's shares fell by around 5 percent.
Dax, Dow and stocks at a glance
: Click here to go to the stock market
Siemens with profit jump, share rises
Numerous business figures such as those from
Siemens, Adidas, Merck KGaA, Continental and Bayer
as well as the final results from Deutsche Post should help to determine the direction of the DAX.
The technology group Siemens increased its targets for the 2020/21 fiscal year (as of the end of September) again after a sharp jump in profits in the third fiscal quarter.
It is the third increase this year.
Sales increased by around a quarter in the past quarter.
The profit after tax almost tripled to 1.5 billion euros.
Incoming orders climbed by 47 percent.
In the early business, Siemens shares rose 0.8 percent.
Adidas increases targets, shares fall
The sporting goods manufacturer Adidas increased its annual targets after good numbers.
In the second quarter, Adidas achieved a sales increase of more than 50 percent compared to the previous year, which was weak due to the pandemic.
All regions grew - with the exception of China.
The profit from continuing operations amounted to 387 million euros, after a loss of 243 million euros in the previous year.
Analysts had expected less.
After the recent price rally by Adidas, investors took profits following the motto "sell on good news" - the shares fell by almost four percent.
Bayer buys, shares plunge
Bayer intends to advance its pharmaceutical research with the acquisition of the US company Vividion, which specializes in the analysis of disease-causing proteins.
The takeover will cost the pharmaceutical and agrochemical company up to two billion US dollars, according to a statement on Thursday.
Bayer shares recently fell by almost 5 percent, fell well below the EUR 50 mark, and are now at their lowest level in 9 months.
Merck increases annual targets
The Darmstadt-based Merck Group can look back on another strong quarter.
The laboratory division in particular is booming in the pandemic, as it supplies many vaccine researchers.
In the second quarter of the year, the Dax group also had a very good run in its pharmaceuticals division, and the semiconductor division clearly picked up.
The management around the new CEO Belen Garijo therefore increased the annual targets again.
The Merck titles gained 0.7 percent on Tradegate.
The steadily growing online trade keeps Deutsche Post on a growth path.
Sales and net income in the second quarter were above analysts' expectations.
The group was able to slightly exceed the preliminary figures.
In addition, the Bonn team confirmed their annual targets.
On Tradegate, the shares rose by 0.3 percent.
Bitcoin is trading near $ 40,000
The price of the digital currency Bitcoin fell a little on Wednesday after some critical statements by the US Securities and Exchange Commission, but then rose again on Thursday night. The digital currency was last traded at $ 39,100 on the Bitstamp trading platform, bringing the round mark of $ 40,000 back into focus.
Recently, statements by the US Securities Exchange Commission (SEC) have moved into the focus of investors in digital currencies.
The new head of stock exchange supervision,
Gary Gensler
, had provided evidence of the possible approval of a Bitcoin ETF.
That is actually positive for the course.
Gensler also made it clear that such a security must meet the strict requirements of the SEC in order to guarantee the necessary protection for investors.
Gensler also pointed out that there is currently not enough protection for investors in cryptocurrencies.
He described the current state as "more like the wild west".
Oil prices stop falling
Oil prices rose on Thursday, stopping recent price losses for the time being. Previously, they had declined for three trading days in a row. A barrel (159 liters) of North Sea Brent cost US $ 70.60 that morning. That was 22 cents more than the day before. The price of a barrel of the American West Texas Intermediate (WTI) rose 24 cents to $ 68.39.
Market observers pointed to recent developments in US crude oil and gasoline inventories. Last week, US oil reserves rose surprisingly, by 3.6 million barrels to 439.2 million barrels. However, a sharp decline in gasoline reserves had a greater impact on the oil market and supported oil prices. As the US government also announced on Thursday, gasoline stocks fell by 5.3 million barrels to 228.9 million barrels last week.
With the current rise, a three-day decline in oil prices could initially be ended.
From Monday through Wednesday, the price of US oil had fallen by about seven percent.
Concerns about restrictions on mobility in leading industrialized countries due to the spread of the delta variant of the corona virus had put the prices under selling pressure.
with news agencies
