Dax expands weekly plus – Fed and Evergrande help

Released on 23.09. 2021

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

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Frankfurt / Main (dpa) – With a strong price gain, the Dax continued to recover on Thursday from its price setback at the beginning of the week.

The latest resolutions of the US Federal Reserve and somewhat less concerns about the Chinese real estate group Evergrande contributed to this.

Around noon, the German benchmark index rose by 1, 05 Percent on 15. 669, 98 Points. Because of the Evergrande imbalance and concerns about a possible Chinese real estate crisis, the Dax was still on Monday with 15. 019 Points slipped to their lowest level since May. The MDax of the medium-sized stock market values ​​rose so far on Thursday 0, 98 percent to 35. 99, 39 Points. The European benchmark index EuroStoxx 50 saw a similarly clear upward trend of 1.2 percent.

Purchasing manager indices from Germany turned out worse than expected in the morning, but Helaba believes that the mood can still be viewed as solid. The economists of the Landesbank do not see any acute pressure to act for the European Central Bank (ECB).

Bad news from the auto and commercial vehicle industry did not deter investors from buying shares. After skeptical statements by the truck and bus manufacturer Traton the day before, the French supplier Faurecia and the German headlight specialist Hella joined the chorus of bad news with sales and profit warnings. The reason this time too: The continued lack of chips. In the Dax, however, the papers from Continental took the lead with a premium of a good four percent.

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