Stock exchange in Frankfurt: Dax in the plus - slight recovery after price slide

After a hailed start to the week, the Dax recovered somewhat on Tuesday.

Stock exchange in Frankfurt: Dax in the plus - slight recovery after price slide

After a hailed start to the week, the Dax recovered somewhat on Tuesday. The leading German index rose by 0.39 percent to 12,811.07 points in early trading on Tuesday. The MDax of the medium-sized stocks recovered even more clearly with plus 1.28 percent to 24,985.75 points. The euro zone leading index EuroStoxx 50 went up by 0.30 percent.

Bargain hunters had already been on the market the day before, noted Thomas Altmann from asset manager QC Partners. These are likely to have used the cheaper courses to get started. Even weak German economic data could not harm this.

The day before, the probably longer-term stop of Russian gas deliveries through the Nord Stream 1 pipeline had caused deep red prices on the Frankfurt Stock Exchange. In the run-up to the ECB interest rate decision on Thursday, many investors also did not dare to come out of the cover, added stock market expert Altmann. In view of the rapid inflation, observers consider an interest rate hike of 0.75 percentage points to be possible when the European Central Bank makes its decision.

The currently aggressive monetary policy of the central banks is intended to curb the rapid inflation, but stockbrokers fear that there will be skid marks in the economy. However, persistently high inflation would be even more damaging. In view of the difficult economic situation, German industry is also continuing to lose momentum - in July it once again received fewer orders.

One of the big winners in the Dax in the morning was Volkswagen with a premium of almost 2.8 percent. There is finally clarity regarding the IPO of the sports car subsidiary Porsche AG. Subject to further developments on the capital market, the first part of the paper is to be traded in Frankfurt by the end of September or the beginning of October. The new issue could be fully implemented by the end of the year.

Positive statements by analysts about Internet stocks boosted the fashion retailer Zalando with a four and a half percent plus, for Delivery Hero in the MDax it went up by more than eight percent. After the confirmed buy recommendation by the private bank Berenberg, the Hellofresh shares were among the Dax favorites with an increase of 4 percent.

The fact that the relegation of the recipe box mail order company from the first stock market league on September 19 was sealed was hardly a problem. According to the market, this was expected. In return, the energy group Siemens Energy, which was only relegated in the spring, is back in the Dax - the papers increased by 2.8 percent.

Shares in the ailing Uniper Group stabilized at almost three percent plus after the continued price drop. Here, however, investors are speculating as to when the group will need further state aid. Uniper shares fell to a record low the day before after Russia failed to resume gas supplies through the Nord Stream 1 pipeline after an alleged maintenance pause. Uniper now has to buy even more expensive gas on the market in order to be able to meet its delivery obligations.

At the bottom of the stock market, shares in the Fielmann optician chain were among the few losers in the SDax small-cap index, posting a moderate minus. The papers were only slightly sucked into the cut forecast of the competitor Mister Spex, whose price fell by more than five percent.

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