Stock exchange in Frankfurt: Dax defends 14,500 points in impetusless trading

The Dax hardly moved from the spot on Friday.

Stock exchange in Frankfurt: Dax defends 14,500 points in impetusless trading

The Dax hardly moved from the spot on Friday. Because trading in the USA was shortened one day after Thanksgiving, the important impulses from overseas were missing. The leading German index was able to hold the mark of 14,500 points reached the day before, but in the afternoon the stock market barometer fell by 0.17 percent to 14,515.10 points. At the same time, the MDax of medium-sized stocks lost 0.48 percent to 25,928.65 points. The EuroStoxx 50, the leading barometer for the euro zone, was also almost flat with minus 0.08 percent to 3958.90 points.

The Dax is currently heading for a small weekly plus - it would be the eighth week with profits in a row. Since its low at the end of September, the stock market barometer has now gained more than 22 percent. The drivers of the most recent recovery this week were the positive signals from the US Federal Reserve, which is now proposing a somewhat more moderate rate hike.

On the corporate side in Germany, a Bloomberg report ousted Deutsche Bank's shares from their top spot in the Dax, reducing their profits to just 0.2 percent. According to circles, the ECB is to impose higher capital requirements on some banks in connection with their lending, including the largest German institute, the news agency reported.

Uniper shares lost almost 16 percent at the end of the SDax. Since the high on Tuesday, the papers have given way almost 46 percent after the price had almost doubled within four trading days. After the announcement of another billion-dollar capital injection from the federal government, critical voices are increasing.

According to an equally negative study by the Berenberg Bank, Fielmann's shares fell by almost six percent. In the back rows of the stock market, the shares of Helma Eigenheimbau fell at times to a low since autumn 2013 at EUR 16.65 after a profit warning.

The euro fell, to hit $1.0374 in afternoon trade. The European Central Bank (ECB) set the reference rate at $1.0413 on Thursday. On the bond market, the current yield rose from 1.84 percent the day before to 1.92 percent. The Rex pension index fell by 0.44 percent to 127.89 points. The Bund future lost 0.92 percent to 140.71 points.

NEXT NEWS