Stock exchange in Frankfurt: Dax gives way at the start of trading

The recent brisk recovery of the Dax is over for the time being.

Stock exchange in Frankfurt: Dax gives way at the start of trading

The recent brisk recovery of the Dax is over for the time being. The slight setback from the previous day continued in early trading on Thursday.

After half an hour of trading, the leading German index lost 0.81 percent to 12,638.39 points. The MDax fell by 0.45 percent to 22,880.63 points. The EuroStoxx also trended weaker after the upswing had already come to an end on the US stock exchanges the previous evening.

"The mood on the financial markets remains fragile," wrote the experts at Landesbank Helaba in the morning. The most recent recovery rally had taken the Dax from 12,000 points to close to 13,000 points within four trading days, at the peak this was an increase of almost eight percent.

The agenda on Thursday provides various international economic data, including the sentiment index from the US region of Philadelphia. Corporate earnings season also continues to keep investors busy, both in Europe and the US.

Analyst comments moved individual stocks positively. Bechtle shares, for example, rose by 1.3 percent after an upgrade by the investment bank Oddo BHF. In times of economic headwind and massive profit warnings in the industry, the business model of the IT service provider has proven to be relatively resilient, according to the study. The stock appears to be a safe haven.

The Oddo experts also assign a similar status to the industrial service provider Bilfinger, whose shares rose by 3.1 percent due to a positive initial assessment. Analyst Virginie Rousseau is comparatively optimistic about the company in a recession thanks to its positioning on issues such as increasing efficiency and digitization.

Meanwhile, the Stratec share was boosted by five percent after a buy recommendation from Hauck

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