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Stabilized:
The Dax also rose on the second day of the new stock market year.
In the US, on the other hand, Nasdaq and Tesla are coming under pressure again
Photo: Arne Dedert / dpa
The mood on the German stock market remained good on the second trading day of the year.
"Investors continue to rely on a foreseeable economic recovery in China and the euro area," commented market expert Andreas Lipkow.
However, the Dax-Plus shrank somewhat over the course of the day, and the publication of the lower consumer prices did little.
At the close of the market, the leading index Dax was up 0.80 percent to 14,182 points.
The MDax rose by 1.76 percent to 25,930 points and the leading euro zone index, the EuroStoxx 50, posted gains of 0.76 percent to 3,883 points.
The purchasing managers' index published in the morning by the Chinese business magazine "Caixin" for December was slightly better than expected.
The focus was also on inflation data from Germany.
With the provisional consumer prices for December, "the suspicion that the high point of inflation is behind us has become a certainty," commented economist Jens-Oliver Niklasch from the Landesbank Baden-Württemberg.
Brenntag share increases
Among the German individual values, Dax leader
Brenntag stood
out positively with a plus of 4.8 percent.
After public criticism from a shareholder, the chemicals trader decided not to take over its US competitor Univar Solutions.
This brought relief to the anxious Brenntag investors.
A trader said that with the canceled plans, the risk of a capital increase was off the table, and the shares were also cheaper than those of industry rivals.
Real estate and online values are rising
Real estate and online stocks, which were among the biggest losers in 2022, continued to recover.
They benefit from the hope that inflationary pressures will ease.
In the Dax, the real estate
group Vonovia
and the online fashion retailer
Zalando
were among the better values with gains of 1.70 and 2.32 percent.
Meal kit supplier
Hellofresh
and food delivery service
Delivery Hero
led the MDax thanks to premiums of 9.42 and 3.56 percent, respectively, while
TAG Immobilien
was up 3.61 percent.
The online used car dealer
Auto1
, which is listed in the SDax small-cap index, recovered by 5.53 percent.
Pharmaceutical stocks at a glance
Otherwise, the focus was on the medical and pharmaceutical industry with analyst statements.
The shares of the dialysis specialist
FMC
lost 0.59 percent at the end of the Dax after the US analysis company Jefferies had downgraded them to "underperform".
Expert James Vane-Tempest worries that FMC is unlikely to meet the current consensus forecast for 2023 adjusted surplus.
The shares of the pharmaceutical and agrochemical group
Bayer
and the biotech company
Morphosys
were far behind in view of downgrades by the US bank JPMorgan with a loss of 0.55 percent and a loss of 0.66 percent in the Dax and SDax.
USA: Dow Jones, Nasdaq and Tesla all down
Negative news from
Apple
and
Tesla
initially spoiled the first trading day of 2023 on the US stock exchanges.
The
Dow Jones Industrial
initially started with slight gains, but gave them up again and was last listed at 32,977 points with a minus of 0.51 percent.
The best-known Wall Street index ended 2022 with a loss of almost nine percent, making it the weakest stock market year since the financial and economic crisis of 2008.
The market-wide
S&P 500
fell 0.79 percent to 3809 points on Tuesday.
The technology -heavy
Nasdaq 100
lost 1.19 percent to 10,809 points.
The selection index of the Nasdaq stock market ended the past year significantly weaker.
The selection index of the Nasdaq stock exchange ended the past year significantly weaker than the standard values and lost almost a third.
Tesla stock loses double digits
After the last three days of recovery, Tesla
shares
took a hit again at the beginning of the new year.
After disappointing delivery figures from the electric car manufacturer, they slipped by more than eleven percent to 111.56 US dollars.
The price fell back towards the low since August 2020, which was reached at $108.24 a few days before New Year's Eve.
The company, led by billionaire Elon Musk, handed over significantly more cars to customers in the fourth quarter than a year ago, but failed to meet expectations.
405,000 copies were below the average expert forecast of almost 421,000 vehicles.
Despite price reductions, the group's own target was missed.
Apple under pressure too
A significant slide in the price of
Apple
shares pushed the market value of the iPhone group below the two trillion dollar mark to another low since June 2021. The papers recently lost 3.8 percent.
A negative factor was a report by the Japanese business newspaper Nikkei that Apple had instructed several suppliers to produce fewer components for some of the Californian products, including AirPods, the Apple Watch and MacBooks, in the face of falling demand.
Restricted trade in Asia
The major stock markets in Asia edged slightly higher on Tuesday.
After the holiday rest the day before, however, the start of the new year was largely subdued.
There was no impetus from the USA.
Trading there was suspended on Monday.
In Japan, the stock exchanges were also closed on Tuesday.
The CSI 300 index, which includes the 300 most important Chinese companies on the mainland stock exchanges, recently rose by 0.3 percent.
Hong Kong SAR's Hang Seng Index gained 1.8 percent.
The massive wave of infections after the end of the zero-corona policy had a significant impact on China's economy in December.
This is shown by the Purchasing Managers' Index (PMI) published by the Chinese business magazine "Caixin" on Tuesday.
Bitcoin above $16,000
The world's best-known digital currency, Bitcoin, is still under pressure and was last quoted at 16,625 US dollars on the Bitstamp trading platform.
The cryptocurrency hit another record high of $69,000 in November 2021.
Oil prices fall
Oil prices fell on Tuesday.
A barrel (159 liters) of North Sea Brent for delivery in March last cost 84.42 US dollars.
That was $1.49 less than Friday.
The price of a barrel of American West Texas Intermediate (WTI) grade for delivery in February fell $1.42 to $78.84.
According to market observers, oil prices were weighed down at the start of the year by concerns about falling demand in China.
The commodities exchanges in New York, London and Singapore only started the trading year on Tuesday after being closed on Monday for the New Year celebrations.
In the morning it became known that the mood of purchasing managers in industry in China had deteriorated.
The purchasing managers' index (PMI) published by the Chinese business magazine "Caixin" for industrial companies on Tuesday fell from 49.4 to 49.0 points compared to the previous month.
If the index falls below 50 points, a decline in economic activity is assumed.
While lockdowns and the imponderables of the strict zero-corona policy were primarily responsible for the economic weakness in China in recent months, the world's second-largest economy has been burdened by high infection numbers since December.
With news agencies
