Stock market rally continues, experts warn | economy

Frankfurt/Main (dpa) - The German stock market continued on Thursday his recovery. After a final spurt in late trade, the Dax ended the day at a premium of 1.06

Stock market rally continues, experts warn | economy

Frankfurt/Main (dpa) - The German stock market continued on Thursday his recovery. After a final spurt in late trade, the Dax ended the day at a premium of 1.06 percent to 11.781,13 points.

Since the Corona-crash low of mid-March, the Dax has risen in spite of all the uncertainty now around 40 percent. For example, the Situation in Hong Kong and the tense relationship between the United States and China were hidden last on the market. Investors in this country relied instead on the enormous bailout packages of the European Union to combat the Coronavirus-follow.

market observers are on the increase, in the meantime, however, warning voices. Timo Emden from Emden Research said: "With easy-to-onset of profit-taking, the first overheating can make symptoms are already noticeable."

Even more than the Dax, the MDax of the medium-sized German stocks climbed on Thursday with plus 1.91 percent on 25.633,68 points, which he made the previous day's losses.

shares from the Pharma and healthcare sector were in demand on the penultimate trading day of the week in Europe. Far ahead in the Dax Merck KGaA won on the day of the annual General meeting more than four and a half percent. On the online held, shareholder-in-chief Stefan oschmann meeting stressed again the cost discipline of the group in the Corona-crisis.

Lufthansa-papers secured with a premium of more than five and a half percent to the top spot in the Index, and continued so in the light of the views of the government rescue package of their recent recovery. After the Supervisory Board had postponed the decision on the rescue because of the potential for EU-requirements, the Federal government, according to dpa-information in the negotiations with the EU Commission only after Pentecost with a result. The approval of the nine-billion-Euro package from Brussels is yet to come.

Under the investors also more preferred real estate values Vonovia increased by more than three and a half, and Deutsche Wohnen to a good two per cent. According to information of the "Manager magazine" works Vonovia to a renewed takeover attempt by the German number Two. There is still no direct talks, wrote the paper.

Europe-wide values paid on Thursday car your strong the day before the tribute. With a discount of two percent on the last Dax-space, the Wolfsburg-based carmaker, Volkswagen is also due to the coverage of the problems at the Golf 8, and the possibly-escalating pressure on the corporate Executive Board in focus.

In the rear of the stock market jumped HHLA share on the series just before close of trading and ended the day at a premium of 1.18% to 15,38 Euro. Earlier, the Hamburg-based port operator had given notice that it will open talks on a strategic cooperation with the competitors Eurokai and BLG Logistics.

The Euro STOXX 50 as the leading index of the Euro-zone minutes restrained in the last trading gains slightly and closed 1.42 percent higher at 3094,47 counters. In Paris the Cac 40 rose by around 1.8 per cent, in London, the increase was around 1.2 per cent a little lower. On Wall Street, the Dow Jones Industrial lost after its recent Rally some strength, to the local close of trade, the US benchmark index was up half a percent in the Plus.

the exchange rate of The Euro rose in afternoon trading. The European common currency rose last updated on 1,1071 US Dollar. In the morning, the Euro had slipped temporarily below the mark of $ 1.10. The European Central Bank (ECB) had the reference course in the afternoon to 1.1016 (Wednesday: 1,0991) US dollars.

On the German bond market, the bond index Rex fell by 0.15 percent to 144,52 points. The current yield rose as a result of minus 0.43 per cent on the previous day to minus 0.41 per cent. The Bund Future won last 0.08 percent to 172,03 points.

Date Of Update: 29 May 2020, 12:35
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