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Dax - his recovery continues

2021-10-15T13:15:51.601Z


The German stock market made up some ground on Friday and continued its recovery course. The German stock market made up some ground on Friday and continued its recovery course. Frankfurt / Main - Investors hoped that US quarterly reports would be positive and that inflation worries would soon subside, said market expert Andreas Lipkow from the Comdirect Bank. However, the economic situation is very heterogeneous. In addition, the further course of inflation is anything but predictab


The German stock market made up some ground on Friday and continued its recovery course.

Frankfurt / Main - Investors hoped that US quarterly reports would be positive and that inflation worries would soon subside, said market expert Andreas Lipkow from the Comdirect Bank. However, the economic situation is very heterogeneous. In addition, the further course of inflation is anything but predictable. The Dax passed the 15,500 point mark around noon for the first time in two and a half weeks and was most recently 0.61 percent higher at 15,556.30 points. This indicates a weekly plus of around 2.3 percent for the leading index. The MDax of the medium-sized values ​​gained 0.4 percent to 34,306.08 points. The leading Eurozone index EuroStoxx 50 rose by around 0.6 percent.

Among the individual values, shares of German institutes were among the favorites after the presentation of overall positive quarterly figures from US banks. Deutsche Bank gained 3.3 percent as the top Dax value, and Commerzbank's shares gained 1.0 percent in the MDax. Car values ​​were also in demand. Of the three car manufacturers in the Dax, the Volkswagen shares posted the largest gains with a plus of 1.8 percent. Although the car sales of the VW Group brands fell noticeably in September compared to the previous year's level, Europe's largest car group is still in the black when looking at the course of the year so far.

The Siemens papers were at the bottom with minus 0.8 percent. Barclays analyst Tanuj Agrawa downgraded the shares and signals clear risk of setbacks with his lower price target to 125 euros. The core business areas are likely to lag behind the competition, he believes. In addition, the group is still organized too complex. In the MDax, the shares of Hugo Boss attracted attention and rose 1.6 percent. After a successful quarter, the fashion group is more optimistic about the year as a whole.

According to positive analyst comments, the Lufthansa stocks jumped 3.8 percent as the MDax front runner.

Jaime Rowbotham from Deutsche Bank upgraded the shares from “Sell” to “Buy” and believes that the company's medium-term goals are achievable.

The analysis house Stifel upgraded the title from “Sell” to “Hold” and is of the opinion that the worst is over for the airline.

The euro traded little changed at 1.1596 dollars.

The European Central Bank had set the reference rate the previous day at $ 1.1602.

On the bond market, the current yield fell from minus 0.24 percent the previous day to minus 0.26 percent.

The Rex bond index rose 0.11 percent to 144.06 points.

The Bund future recently lost 0.14 percent to 169.60 points.

(dpa)

Source: merkur

All news articles on 2021-10-15

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