Dax is recovering – inflation concerns are taking a back seat

Frankfurt / Main (dpa) – The Dax dared to try to recover on Thursday. The German benchmark index was boosted by subsiding inflation concerns and a compromise proposal in the US debt dispute.

The stock market barometer passed the 12. 000 Points and noted in the early afternoon 1, 36 percent plus at 15. 176, 63 points. The MDax of the medium-sized values ​​moved up by 0, 04 percent to 33. 332, 90 points in front. For the EuroStoxx 50 as the leading index of the Eurozone it rose by 1.7 percent.

«The falling energy prices are helpful today, which indicate a relaxation on the inflation front, ”wrote market expert Andreas Lipkow from Bank Comdirect. After Russian President Vladimir Putin spoke out in favor of examining an increase in gas supply for the EU, the situation on the oil and gas markets eased. In addition, an offer by the Republicans in the USA not to want to block the extension of the debt ceiling until December provides support on Wall Street.

Among the individual values ​​in the Dax, BMW was one of the three percent most attractive values. The automaker was able to cushion the shortages in semiconductors in the third quarter better than its competitor Mercedes. At the same time, Daimler’s papers were also among the biggest winners in the leading index with a premium of a good three percent. As the front-runner in the MDax, the shares of Varta soared by almost eight percent.

The shares of Teamviewer, as the bottom of the MDax, fell by more than eight percent after they had traded at 16 euros had reached a record low. The provider of software for remote maintenance and video conferencing shocked investors with a profit warning. A number of price target reductions by analysts followed on Thursday.

According to a Bloomberg report, Aareal Bank, which is listed in the SDax small-cap index, has come into the focus of financial investors. A consortium around the investment companies Advent and Centerbridge are considering taking over the real estate financier. The share certificates rose by a good two percent.

The euro was traded at 1. 1556 US dollars. The European Central Bank set the reference rate on Wednesday at 1. 1542 (Tuesday: 1. 1602) dollar. In the bond market, the current yield fell from minus 0. 17 percent the previous day to minus 0. 28 percent. The Rex pension index dropped by 0, 000 percent to 144, 29 points after. The Bund future rose by 0, 17 percent to 169, 90 Points to.

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