Frankfurt / Main (dpa) – After the strong setback the day before on the German stock market, the signs point to recovery on Wednesday. Investors used the low prices in early trading to re-enter.
The Dax was last 0, 92 percent higher at 15. 388, 40 points. The day before, the German benchmark index had lost more than two percent due to increasing interest rate and economic worries and thus orientated itself again in the direction of its multi-month low from last week part of the previous day’s losses, it rose last by 1, 11 percent to 34. 884,35 Counter. The situation in Europe also calmed down: The EuroStoxx 50 as the leading index of the Eurozone increased its profits to 0. 93 percent on 4096, 50 points from.
Analyst Jochen Stanzl from CMC Markets believes the tremor on the stock markets is far from over. “The vicious circle of supply bottlenecks, rising raw material prices, rising inflation and rising interest rates is currently beating the stomachs of the players on the stock market,” he said.
In view of the debate about higher interest rates, investors have recently given priority fled the highly valued technology stocks into so-called asset stocks. In addition, Corona winners in particular were at the top of investors’ sales lists. On Wednesday the movement went in the opposite direction.
For example, shares in the cooker box mail order company Hellofresh at the top of the index benefited from this with a premium of around 3.2 percent. Pharma and medical technology were also in demand again: shares in the laboratory service provider Sartorius and in the pharmaceutical company Merck rose by around 3 percent each, Evotec rose by 3.7 percent in the lower ranks, and Carl Zeiss Meditec rose by two and a half percent.
Chip values also advanced again after the significant losses of the previous day: Infineon by 1.3 percent, Aixtron by around 2 percent. However, according to market observers, the mixed outlook of the US semiconductor manufacturer Micron slowed an even stronger price recovery.
There was concrete news from Gea. The mechanical and plant engineering company wants to invest millions and boost sales and margins in the next five years. With the growth strategy presented at the Capital Market Day, the company hit the nerve of investors, the shares in the MDax top group rose by more than 4 percent.
For Airbus shares, it was around 2.2 Percent up, they benefited from a positive vote from the analysts at Bernstein. On the other hand, Heidelbergcement met with skepticism with the planned acquisition of a minority stake in a US software specialist for building materials. The shares were at the bottom of the Dax with a minus of 0.7 percent. From the point of view of analyst Elodie Rall from the US bank JPMorgan, the acquisition of Command Alkon would be one of the largest digital investments in the global building materials sector. In their opinion, however, it would take a few years for the benefits of such a transaction to become apparent.