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Dax with a price rally close to 15,000 points at the start of the year, Bayer shares are up

2023-01-11T08:32:14.511Z


The leading German index, the Dax, is slowly approaching the 15,000 point mark. Bayer shares are in demand as break-up fantasies are revived. Positive signals are coming from the USA.


Enlarge image

Frankfurt Stock Exchange:

The Dax continues to trend upwards

Photo: Frank Rumpenhorst / dpa

The rally in the Dax at the beginning of the year could continue at a moderate pace after a day's breather.

The leading German index started 02 percent higher at 14,805 points and is therefore once again looking at the round mark of 15,000 points.

The EuroStoxx 50, the leading index in the euro zone, also started with slight gains.

Investors on Wall Street had quickly grabbed shares again the day before.

They are acting boldly, even though consumer prices for December are an important indicator of the central bank's future course on Thursday's agenda.

In particular, the focus should then be on the core inflation rate, apart from energy and food prices, because this shows the underlying inflationary pressure better than the overall rate, wrote the analysts at Landesbank Hessen-Thüringen.

Investors on Wall Street had quickly grabbed shares again the day before.

They are acting boldly, even though consumer prices for December are an important indicator of the central bank's future course on Thursday's agenda.

In particular, the focus should then be on the core inflation rate, apart from energy and food prices, because this shows the underlying inflationary pressure better than the overall rate, wrote the analysts at Landesbank Hessen-Thüringen.

Bayer shares in focus: renewed speculation about breakup

In this country, the pressure on the management of the pharmaceutical and agrochemical group Bayer is apparently increasing.

According to insiders, activist investor Bluebell Capital Partners has now acquired a stake in the company.

This is pushing for the group to be split up, reported the Bloomberg news agency, citing people familiar with the matter.

He also called for a revision of the principles of corporate governance.

Bayer shares were listed in pre-market trading on the Tradegate platform almost two percent above the Xetra close on Tuesday.

Teamviewer achieves annual goals

In addition, some companies with their first business figures for the past year are in focus.

The software provider

Teamviewer

achieved its financial goals for the year thanks to a good performance in the final quarter.

The share certificates went up by five percent on Tradegate.

The online drug

retailer Shop Apotheke

met analysts' expectations with significant sales growth last year.

The company's stocks, which have been doing well recently, fell by almost two percent on Tradegate.

The analysis house Jefferies commented positively on the papers of

SMA Solar

.

The strong order situation at the photovoltaic company is continuing and capacity utilization is quite high, wrote the expert Constantin Hesse.

The shares on Tradegate rose by almost two percent.

The leading index

Dow Jones

finally closed 0.56 percent higher at 33,704.10 points.

However, stockbrokers only attest to the potential for a strong and more sustained reaction on the US stock markets when consumer prices in December, which are due on Thursday.

The market-wide

S&P 500

rose by 0.70 percent to 3919.25 points.

The tech-heavy

Nasdaq 100

gained 0.88 percent to 11,205.78 points.

Bitcoin trades above $17,000

The digital currency Bitcoin is increasing and was quoted at 17,454 US dollars on the Bitstamp trading platform in the morning.

That's a moderate 1.54 percent more than 24 hours ago.

In November 2021, Bitcoin reached a record high of $69,000.

Oil prices fall slightly

Oil prices fell moderately on Wednesday morning.

In early trading, a barrel (159 liters) of North Sea Brent cost $79.55.

That was 55 cents less than the day before.

The price of a barrel of American grade West Texas Intermediate (WTI) fell by 59 cents to $74.53.

Prices were weighed down by new warehouse data from the USA.

The industry association American Petroleum Institute (API) reported on Tuesday evening an unusually strong build-up in crude oil inventories across the country.

On Wednesday afternoon, the US Department of Energy will release its weekly data.

The numbers often cause significant price fluctuations on the oil market.

With news agencies

Source: spiegel

All news articles on 2023-01-11

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