Frankfurt Stock Exchange: DAX continues record hunt

The Dax hit the next record highs on Tuesday.

Frankfurt Stock Exchange: DAX continues record hunt

The Dax hit the next record highs on Tuesday. The leading index increased its record to up to 16,837 points. However, investors remained cautious because they were looking forward to US consumer prices on Tuesday shortly before the upcoming interest rate decisions.

Most recently, the Dax was just 0.05 percent in the red at 16,786.47 points. The year-end rally since the low in October is now almost 15 percent. So far in 2023, the DAX has gained 20.5 percent. The MDax recently rose slightly to 26,654.56 points on Tuesday. The Eurozone index EuroStoxx increased by 0.1 percent.

On the corporate side, attention was focused on Carl Zeiss Meditec after the publication of the financial year figures. The results were not convincing, but according to traders the outlook was better than recently feared. The shares therefore continued their recovery with new momentum, rising by 8.7 percent.

Hannover Re also made statements about the outlook this morning on the occasion of an investor day, which were well received with an increase of 1.3 percent.

A sharp fall in Oracle's share price due to a disappointing second quarter left investors in its German competitor SAP rather cold on Tuesday. The market was saying that Oracle had disappointed in an area that was of little importance to SAP. The technology sector, to which SAP is attributed, did relatively well overall on Tuesday with tailwind from the US stock exchange Nasdaq.

The MTU shares in particular showed weakness in the Dax, falling by up to 6.6 percent on Tuesday, but then limiting their discount to 2.5 percent. The topic of engine problems from the US partner Pratt

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