Frankfurt / Main (dpa) – The Dax reduced its high losses from the morning on Wednesday afternoon. Nevertheless, the German benchmark index was still listed with a minus of 1, 76 percent at 14. 926, 41 Points.
During trading the Dax had fallen by up to 2.5 percent to its lowest level since May due to increasing fears of inflation. The day before, the stock market barometer had increased by more than one percent.
The MDax for medium-sized stock market stocks last posted a minus of 2 on Wednesday, 02 Percent on 31. 337 , 23 points to book. The leading index of the Eurozone EuroStoxx 50 lost around 1.7 percent.
Analyst Christian Henke from Broker IG sees several negative factors for the Stock exchanges: The financial distress of the Chinese real estate company Evergrande, the US budget dispute with an impending default by the US government and, above all, the increasing inflation worries.
There were almost only losers in the Dax on Wednesday. The shares of Deutsche Telekom, which lost 4.6 percent, came under the greatest pressure. According to the Bloomberg news agency, the US investment bank Goldman Sachs placed around 90 million Telekom shares or corresponding options on the shares with investors overnight. This took place as part of a financing transaction by the Japanese technology investor and major telecommunications shareholder Softbank.
Bayer’s shares were the top performers in the Dax with a price increase of 0.4 percent. The agrochemical and pharmaceutical company, which has been struggling with billions in glyphosate legal disputes for years, won a lawsuit for the weed killer alleged cancer risks for the first time in the United States a record low. The shares of the provider of software for remote computer maintenance and video conferencing fell by around 22 percent and thus lost 2021 meanwhile more than half in value.
The steep decline of the Grenke shares on Tuesday continued with minus 10 percent continued. The day before, the IT leasing provider had lowered its forecast for new business in the current year after a slump in the third quarter. Some analyst firms reacted to this on Wednesday with negative comments and gradations. Only the shares of the Adler Group were even weaker in the SDax with minus 12 percent.
The euro lost ground and was most recently quoted at 1. 1543 US dollars. The European Central Bank had set the reference rate the day before at 1. 1602 dollars. On the bond market, the current yield rose from minus 0. 26 percent the previous day to minus 0. 26 percent. The Rex pension index fell by 0, 16 percent to 144, 34 Points. The Bund future fell by 0, 05 percent to 169,59 Points.