Dax hardly changed – inflation issue slows

Frankfurt / Main (dpa) – The Dax also bobbed around on Wednesday. The German benchmark index fluctuated slightly around its closing level from the previous day and closed 0, 05 percent up at 15.522,92 Points.

The day before, the stock market barometer had stabilized after a small setback at the beginning of the week. For the MDax of the medium-sized stock exchange companies, the midweek went to 0, 14 percent to 34. 540, 48 Points down.

«It is very difficult for the Dax to move away from the price mark at 15. 500 solve points. Too many sales arguments currently dictate the course of trade, ”said market expert Andreas Lipkow from Comdirect. Above all, the inflation issue is holding back, because inflation seems to be spreading more vehemently than expected in Europe. In September, in view of high energy costs and bottlenecks in international trade in goods in this country, the prices that manufacturers receive for their goods rose more sharply than since 1974.

Among the individual values, Sartorius shook off initial losses in the Dax and closed just under one percent up. The laboratory service provider and pharmaceutical supplier had, despite continued good business development, only confirmed its twice-increased targets for this year and not raised them again. The group is experiencing an order boom from manufacturers of vaccines and corona tests. But there is also concern in the market that the times of lush incoming orders may have reached their peak.

Deutsche Börse shares fell by two and a half percent. This put the papers in last place in the Dax. With regard to the latest quarterly figures, the exchange operator pointed to a somewhat weaker cyclical earnings component than in the previous year, as the market fluctuations have so far been less severe than 2020.

RWE’s shares rose by almost two percent. A study by Credit Suisse is likely to have supported this. The Swiss bank spoke of the utility’s share as a “core idea” and confirmed it as one of the favorites on its eurozone list. The RWE papers had recently already been able to benefit from a possibly faster coal exit in Germany.

In the MDax, the shares of Auto1 were top value with an increase of almost four percent. As Europe’s largest trading platform for used cars announced, the partnership with Volvo is being expanded. Through this cooperation, the Auto1 Group gains another channel for trade-ins and leasing returns.

The Eurozone leading index EuroStoxx 50 moved up by 0, 13 percent to 4172, 17 Points before. In Paris the Cac 40 rose more significantly, while the British FTSE 100 almost on the spot. In the USA, the Wall Street Index Dow Jones Industrial gained 0.4 percent at the close of European trading.

The euro fell: The European Central Bank set the reference rate at 1. 1623 (Tuesday: 1, 1655) US dollars fixed. The dollar cost 0, 86036 (0, 8580) euros. On the bond market, the current yield rose from minus 0. 24 percent the previous day to minus 0. 22 percent. The Rex pension index fell by 0, 05 percent to 143,72 Points. The Bund future rose by 0, 17 percent to 168, 74 Points to.

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