Stock exchange in Frankfurt: DAX reduces daily losses thanks to US stock exchanges that have recovered somewhat

In the wake of interest rate concerns, the DAX extended its previous day's losses on Friday.

Stock exchange in Frankfurt: DAX reduces daily losses thanks to US stock exchanges that have recovered somewhat

In the wake of interest rate concerns, the DAX extended its previous day's losses on Friday. At times it fell below the 15,500 point mark, then gradually recovered thanks to current US guidelines. Around midday, the leading German index fell by 0.18 percent to 15,543.71 points. The MDax was recently stable again with minus 0.11 percent to 26,545.88 points.

Support is coming from the US stock exchanges, as there are signs of stabilization on Wall Street after the losses of the last three trading days. Technology stocks in particular are likely to start to recover. They suffered particularly significantly in view of the latest interest rate signals from the US Federal Reserve.

Analyst comments were particularly moving among the individual stocks. At the top of the DAX, Siemens Healthineers gained 3.6 percent. JPMorgan analyst David Adlington expects the medical technology group to have gotten through its final quarter of 2022/23 well.

Also supported by a JPMorgan study, Allianz securities gained 1.2 percent in second place. Analyst Farooq Hanif remains positive on the insurance industry.

The profits of MTU shares fell off significantly. Most recently it went up by 0.6 percent. Here it was Citigroup that issued a buy rating after the recent price collapse.

In the MDax, Jungheinrich rose by 1.5 percent following a comment from the British investment bank Barclays. Analyst Timothy Lee rated the forklift manufacturer's paper "Overweight" with a price target of 36 euros.

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