Dax almost makes up for the price slide at the beginning of the week

Released on 22.09. 2021

  • The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen

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Frankfurt / Main (dpa) – Bargain hunters and initially a little less worries about a collapse of the Chinese Evergrande group have brought price gains to the German stock market. Investors also waited with excitement for the monetary policy signals from the US Federal Reserve that were due in the evening. Percent on 15. 433,83 Points. This means that the losses posted since the beginning of the week have largely been made up again. The MDax of the medium-sized stock market values ​​was also quite friendly towards the middle of the week with plus 0, 23 percent to 35. 067, 17 Counter. The European benchmark index EuroStoxx 35 gained 0.7 percent.

The Concerns about Evergrande initially had little impact on the courses. According to its own information, the group gave itself some breathing space by entering into an agreement with domestic creditors to pay interest on a bond due on Thursday. On the Chinese mainland stock exchanges, the price losses were limited on Wednesday after a holiday break, while there was no trading in Hong Kong. “It looks like those who wanted to sell already did it on Monday in Hong Kong,” said market observer Thomas Altmann from asset manager QC Partners.

In the evening, the According to many experts, the Fed will usher in a turnaround in monetary policy. With high inflation and advances in the labor market, they expect that the bond purchases initiated during the pandemic to support the economy will soon be reduced. What the market participants are particularly interested in are information on the exact schedule.

In the Dax, the shares of Deutsche Post were among the biggest losers with minus 1.7 percent, after the US on the eve – Competitor Fedex missed market expectations with its profit and lowered its forecast.

Ströer shares rose five percent in the MDax. JPMorgan’s analyst Marcus Diebel remains optimistic about the out-of-home advertising sector, which should benefit from increasing passenger numbers at airports and train stations as well as revitalized inner cities Buy recommendation deleted by Bankhaus Metzler by more than four percent.

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