Dax before US job report in the red

Released on 08.10. 2021

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

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Frankfurt / Main (dpa) – Before the US labor market report, investors held back on the German stock market on Friday. Around noon, the leading index Dax fell by 0, 15 percent to 15. 207, 78 Points.

The Dax experienced turbulent days this week an intermittent slide to almost the May low of 14. 816 points. From a weekly perspective, however, there are signs of a moderate plus. The MDax of the medium-sized stock market did better by ranking it with 33. 511, 29 points last just under 0, 02 percent made it into the profit zone. The EuroStoxx 50 as the leading index of the Eurozone fell as strongly as the Dax.

At the end of the week, real estate companies, among other things, are in view of the individual values. The prospect that the competitor Vonovia could get on board drove the recovery of the Adler Group’s shares, which had recently been in turmoil, at a double-digit percentage rate, but recently the increase slowed to around five percent. The shares of the Dax group Vonovia were meanwhile with 0.6 percent in the red.

At the top of the Dax, the papers of Daimler increased by 2.4 percent. The major Swiss bank UBS recommended buying the shares. Analyst Patrick Hummel expects a recovery in the carmaker’s production, which is currently still affected by the chip crisis. That could make 2022 a record year for Mercedes-Benz.

A positive analyst comment also lent the Ströer papers have a greater boost. The shares recently rose by four percent and thus took first place in the MDax, after the British investment bank Barclays had commented positively on the shares of the advertising marketer.

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