Stock exchange in Frankfurt: Dax regains 14,000 points

Buoyed by clear price gains on the US stock exchanges, the German stock market also rose noticeably on the penultimate trading day of the year.

Stock exchange in Frankfurt: Dax regains 14,000 points

Buoyed by clear price gains on the US stock exchanges, the German stock market also rose noticeably on the penultimate trading day of the year. Retailers attributed the stronger fluctuations to the low-sales business, in which just a few larger orders can cause more movement.

Concerns about the rapidly increasing corona infections in China, which had weighed on the mood in the morning, continue to smolder in the background.

The Dax shook off its initial losses on Thursday and in the afternoon again surpassed the much-noticed 14,000 point mark, which it has been hovering around for around two weeks. Ultimately, the leading German index gained 1.05 percent to 14,071.72 points, closing at its highest level in over a week. The MDax for medium-sized companies rose by 0.94 percent to 25,437.32 points.

The other European stock exchanges also received a more or less significant boost. The Eurozone leading index EuroStoxx 50 increased by 1.08 percent to 3850.07 points. France's Cac 40 was up 0.97 percent and London's FTSE 100 was up 0.21 percent. The US leading index Dow Jones Industrial was 1.2 percent higher at the end of European trading, the technology-heavy Nasdaq 100 even 2.6 percent above its previous day's close.

With a plus of 4.1 percent, Sartorius stocks were among the strongest stocks in the Dax. The laboratory supplier is making faster progress with its growth plans and is about two years ahead of its own plan. 2022 was the third year of an intensive growth phase, "that was a very successful phase," said CEO Joachim Kreuzburg of the dpa.

In the MDax, Lufthansa lost 3.3 percent. After a strong run since late September, they suffered from profit-taking. With an increase of around 27 percent over the course of the year, they are still among those stocks that have developed very strongly and are a ray of hope in an overall rather gloomy review of 2022.

Reports: Mobile spectrum auction could be in the billions

Otherwise, on the penultimate trading day of the year, telecom companies 1

This auction could possibly become the most expensive bidding process since the UMTS award in the year 2000, which had cost 51 billion euros at the time, it said. Nevertheless, shares in the German telecoms sector managed to jump into the black as the mood in the market brightened.

The euro rose and last traded at $1.0666. The European Central Bank set the reference rate at $1.0649 in the afternoon.

The current yield on the bond market remained at 2.46 percent. The Rex pension index fell by 0.11 percent to 125.83 points. The Bund future rose by 0.66 percent to 134.38 points.

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