Stock exchange in Frankfurt: Dax a little weaker - stock market without momentum

The German stock market was weaker on Tuesday.

Stock exchange in Frankfurt: Dax a little weaker - stock market without momentum

The German stock market was weaker on Tuesday. The Dax lost 0.72 percent to 14,343.19 points. On Friday, the Dax had reached 14,584 points, its highest level since June. The MDax of medium-sized stocks lost 1.06 percent to 25,627.99 points on Tuesday.

Investors no longer took any major risks ahead of the interest rate decisions by the European and US central banks in the coming week, was the tenor on the market. After the decent price gains of the past few weeks, there is currently little that could drive the markets higher in the short term, explained analyst Michael Hewson from broker CMC Markets UK. Investors take profits.

This pattern was also evident on Tuesday in the leading eurozone index, the EuroStoxx 50, which closed 0.44 percent lower at 3939.19 points. The leading stock exchanges in Paris and London also went down a bit. In New York, the leading US index, the Dow Jones Industrial, was down 0.6 percent at the end of trading in Europe, and the losses on the Nasdaq technology exchange were even greater.

Papers from the health and medical technology sector were the biggest losers on the German stock market on Tuesday. In the Dax, Fresenius Medical Care (FMC) once again unsettled its long-suffering investors with a personnel decision. After only two months, the dialysis company has its next management change. Carla Kriwet resigned from her position as chairwoman and member of the board. The background is probably strategic differences between Kriwet and the new Fresenius boss Michael Sen.

FMC lost 3.7 percent as Dax tail light. Siemens Healthineers and Sartorius fared little better, each with discounts of around 3.2 percent.

RWE as winner of the day

At Gerresheimer, investors cashed in after a rather disappointing earnings outlook. With a loss of 7.5 percent, the special packaging manufacturer's titles ended their week-long rally and ended up at the bottom of the MDax.

Stressed by a share placement, the shares of the radiation and medical technology group Eckert also slipped

As the winner of the day, RWE gained 1.5 percent in the Dax. Support for the utility stocks came from an upbeat study by Credit Suisse. Talanx took the lead in the MDax with a plus of 1.9 percent and benefited from the announcement of a higher dividend.

The euro was trading at $1.0510 after the close. The European Central Bank had previously set the reference rate at 1.0516 (Monday: 1.0587) dollars, the dollar cost 0.9509 (0.9446) euros.

On the bond market, the current yield rose from 1.80 percent the day before to 1.81 percent. The Rex pension index fell by 0.31 percent to 128.32 points. The Bund future gained 0.73 percent to 142.72 points.

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