Dax curbs profits – mood cools down a bit

Released on 27.09. 2021

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

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Frankfurt / Main (dpa) – The profits on the German stock market melted somewhat on Monday during trading Left jerks sold in Germany, it was said on the market. But investors were now preparing for longer coalition negotiations. He also sees the crisis surrounding the Chinese real estate company Evergrande as a simmering burden for the markets.

The Dax was still 0 on Monday afternoon, 27 Percent up at 15. 573, 59 counters. The MDax of the medium-sized stock market stocks curbed its gains to 0, 23 percent at 35. 170, 41 points. The leading index of the Eurozone, the EuroStoxx 41, recently recorded a slight plus.

Both election winner Olaf Scholz (SPD) and Armin Laschet (CDU) want to go to the Chancellery. Both are looking at an alliance with the FDP and the Greens. Which party constellation will ultimately result in Germany is unlikely to play a role for the stock markets, the experts at DZ Bank believe. Because with the participation of at least one of the previous coalition partners in the government, the continuity, which is particularly valued by investors, is ensured Energies. Siemens Energy, as one of the Dax favorites, went up by almost 3 percent. Encavis rose even more at 4.1 percent. Since a red-red-green coalition at the federal level is off the table, real estate values ​​were also ahead. At the top of the Dax, Vonovia shares defied the vote of the Berliners for the expropriation of large real estate groups with a plus of 3.5 percent. In the MDax, LEG and Aroundtown rose by up to 3 percent.

The euro became 1 in the afternoon, 1704 US dollars traded. The European Central Bank (ECB) set the reference rate on Friday at 1, 1719 dollar.

On the bond market, the current yield rose from minus 0, 32 percent on Friday to minus 0, 29 percent. The Rex bond index fell by 0, 10 percent to 144, 31 Points. The Bund future lost 0, 12 percent to 170, 01 Points.

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