Dax hardly moved – Evergrande remains in view

Released on 04. 10. 2021

  • The DAX is the most important German share index. Photo: Arne Dedert

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Frankfurt / Main (dpa) – The Dax has stabilized somewhat after its recent losses. The leading German index was listed on Monday afternoon at 10. 146, 23 Points minimally in the minus.

For the MDax of the medium-sized stock market values ​​it was 0 on Monday, 29 Percent on 34. 053, 74 points down. The EuroStoxx 34 as the leading index of the Eurozone fell by 0.2 percent.

In the case of the ailing real estate giant Evergrande in China, there was a new development. Its shares, as well as those of its property manager, were suspended from trading on the Hong Kong Stock Exchange. It is the first time in the highly indebted company’s most recent liquidity crisis that trading in its shares has been suspended. The shares of the sporting goods company Adidas suffered in the Dax under a skeptical study by Bank of America and fell by almost two percent. Analyst David Roux referred to the uncertain recovery of the Chinese sales market and the problems that are currently prevalent in the supply chains. after Bankhaus Metzler canceled its buy recommendation for the papers. With a view to the share price of the construction software specialist, it is time for a respite, wrote analyst Holger Schmidt. In his opinion, the upcoming results for the third quarter should be characterized as usual by high demand.

The euro was in the early afternoon with 1, 1637 US dollars traded. The European Central Bank last had the reference rate on Friday at 1, 1579 (Thursday: 1, 1579) dollars. The dollar thus had 0, 8620 (0, 8636) Euro.

On the bond market, the current yield rose from minus 0, 31 percent on Friday to minus 0, 30 percent. The bond index Rex rose by 0, 09 percent on 144,64 points to. The Bund future returned 0, 08 Percent on 170, 26 Points down.

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