Robust US economic data and the associated concerns about further rising interest rates did not stop the Dax on Wednesday. The leading index closed up 0.82 percent at 15,506.34 points. The high for the year reached last week is gradually approaching again.
Even a somewhat weaker Wall Street did not slow down the German stock market in the middle of the week. The MDax for medium-sized companies also picked up and, with growth of 1.13 percent to 28,651.03 points, performed slightly better than the Dax.
With high price gains, papers from the SDax small-cap index in particular stood out on the market, which rose by 1.24 percent. Ceconomy, for example, gained 11.6 percent, fueled by takeover fantasy. The "Handelsblatt" had reported on a possible merger, citing financial circles from talks between the electronics retailer and the French retailer Fnac Darty.
Behind Ceconomy, Elmos closed 10.4 percent higher. After a record year, the semiconductor manufacturer was much more confident about 2023 than expected on the market. After a purchase recommendation from Hauck
The shares of the Internet service provider and telecom group United Internet posted a price premium of 5.3 percent at the top of the MDax after the announcement of share buybacks.
At Lufthansa and Fraport, an IT failure due to a cable breakdown, which temporarily paralyzed air traffic at Frankfurt Airport, initially dampened the mood. After numerous flight cancellations and delays, Lufthansa has now started to restart its computer systems. From the trade, their papers were hardly changed in percentage terms. Fraport closed about 0.6 percent tighter.
At the top of the Dax, the shares of the engine manufacturer MTU recovered from their previous day's losses with plus 4.1 percent. Brenntag gained 3.7 percent after Citigroup issued a buy recommendation on the chemicals retailer.
The EuroStoxx 50 rose 0.97 percent to 4280.04 points on Wednesday. For the French Cac 40 things went up a little more clearly. The British FTSE 100 climbed above the 8000 point mark for the first time and closed just under it with a plus of 0.55 percent to 7997.83 points. In New York, the Dow Jones Industrial was moderately lower at the close of the European stock market, and the technology-heavy Nasdaq 100 was hardly changed.
The euro came under pressure, falling below $1.07. Most recently, the common currency was quoted at $ 1.0671. The European Central Bank (ECB) had set the reference rate at 1.0700 (Tuesday: 1.0759) dollars in the afternoon, the dollar thus cost 0.9346 (0.9295) euros.
On the bond market, the current yield rose from 2.36 percent on the previous day to 2.41 percent. The Rex pension index fell by 0.21 percent to 125.29 points. The Bund future recently lost 0.42 percent to 134.71 points.
