Stock exchange in Frankfurt: Dax slips into the red after initial gains

Initial price gains on the German stock market quickly melted away again on Tuesday.

Stock exchange in Frankfurt: Dax slips into the red after initial gains

Initial price gains on the German stock market quickly melted away again on Tuesday. The leading index Dax turned negative in the morning, which was last 0.62 percent to 12,724.14 points. With the prospect of another sharp rise in interest rates in the USA on Wednesday, investors are hardly taking any more risks. The MDax recently lost 1.17 percent to 23,690.95 points. The Eurozone leading index EuroStoxx 50 was half a percent in the red.

In the case of the individual titles in the Dax, Henkel initially rose by a good 2 percent, but then turned negative with the weak overall market. Thanks to good business in the adhesives segment, the consumer goods group has again increased its sales forecast for the current year.

The shares of the car manufacturers were able to increase. The surcharges ranged from 1.2 percent for BMW and Mercedes Benz to 3.8 percent for Porsche Holding. Volkswagen prices rose by 1.6 percent. Here, the upcoming IPO of Porsche AG once again sparked the imagination. The subscription period for the shares begins this Tuesday. According to a media report, the order book is already significantly oversubscribed.

Rising capital market interest rates are poison for the real estate industry. They make construction more expensive and make refinancing more expensive. The European sector index fell to its lowest level since March 2020 on Tuesday. Vonovia shares brought up the rear in the Dax with a discount of 4 percent. Real estate stocks in the MDax and SDax also came under pressure.

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS