Stock exchange in Frankfurt: Dax reduces losses

Investors remain on the cover of German stocks on Thursday.

Stock exchange in Frankfurt: Dax reduces losses

Investors remain on the cover of German stocks on Thursday. After a temporary Dax setback of up to 0.9 percent, the picture changed a little in the afternoon. Most recently, the leading index was 0.16 percent lower at 12,721.51 points. The MDax, on the other hand, was up 0.6 percent to 23,121.60 points.

Deutsche Börse had already presented quarterly figures the evening before. The papers now lost 3.3 percent in value, although experts say the stock exchange operator exceeded expectations and raised its forecast again.

Bechtle shares gained 1.5 percent after an upgrade by the investment bank Oddo BHF. In times of economic headwind and profit warnings in the industry, the IT service provider's business model has proven to be relatively resilient.

The Oddo experts also assign a similar status to the industrial service provider Bilfinger, whose shares rose by 3 percent. Analyst Virginie Rousseau is comparatively optimistic in a recession thanks to the positioning on topics such as increasing efficiency and digitization.

On the bond market, the current yield rose from 2.26 percent the previous day to 2.35 percent. The Rex pension index fell by 0.42 percent to 126.02 points. The Bund future fell by 0.29 percent to 135.27 points.

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