Frankfurt / Main (dpa) – The Dax continued to recover on Thursday from its price setback at the beginning of the week.
In the afternoon, the German leading index was still 0, 74 Percent higher at 15. 621, 49 points. The latest decisions by the US Federal Reserve were supportive. However, investors are still more sensitive to news about the crisis-ridden Chinese real estate company Evergrande.
In a media report, with reference to people familiar with the matter, it was said that the Chinese were preparing for the decline of Evergrande. Investors then fear a real estate crisis in China with possible global effects on the financial sector.
The MDax of the medium-sized stock market values gained 0 on Thursday afternoon, 72 Percent on 35. 459, 90 points . For the European leading index EuroStoxx 50 it rose by 0.8 percent.
The shares of the software company SAP reacted positively to a dated US competitor Salesforce slightly raised sales forecast. Most recently, SAP gained 1.3 percent. Technology stocks as a whole were in demand across Europe in the still favorable interest rate environment. Infineon rose in the Dax by 2.5 percent, Aixtron in the MDax by 3.3 percent Investors will not stop buying in the auto sector. At the top of the Dax, Continental’s shares rose by 2.8 percent.
With an increase of eleven percent in the SDax small-cap index, the shares of the biofuel manufacturer Verbio fully made up for their previous day’s losses. The investment bank Stifel had also significantly raised the price target for Verbio on Thursday.
The euro recovered somewhat from its losses from the previous evening. In the afternoon trade, the common currency cost 1. 1717 US dollars. The European Central Bank (ECB) set the reference rate on Wednesday afternoon at 1. 1729 dollars.
On the bond market, the current yield rose from minus 0. 38 percent on the previous day to minus 0, 37 percent. The Rex bond index fell by 0, percent to 144, 86 Points. The Bund future fell by 0, 23 percent to 171, 36 Points.