Dax is struggling – energy prices and Evergrande in their sights

Released on 05.10. 2021

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

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Frankfurt / Main (dpa) – The Dax has struggled to stabilize after three consecutive days of losses. The German benchmark index fluctuated around its previous day’s close in early trading on Tuesday and gave up minimally 15. 022,84 Points .

The MDax of the medium-sized stock market values ​​fell by 0, 30 Percent on 33. 727,53 Points. The EuroStoxx 50 as the leading index for the Eurozone rose by 0.2 percent.

Market experts like Andreas Lipkow from Comdirect are skeptical about the near future. “The situation remains tense and many negative impulses are currently affecting the financial markets,” said Lipkow. On the one hand, the rising energy carrier prices made life difficult for investors. On the other hand, the situation on the Chinese real estate market around the highly indebted China Evergrande group remains tense. The group is so big that some experts fear a “risk of contagion” for China’s economy and beyond.

Positive news came from Infineon: The semiconductor manufacturer expects sales to rise again in the coming fiscal year and results. The targets are above the current expectations of the analysts, wrote Sandeep Deshpande of the US investment bank JPMorgan. Infineon is currently profiting from the booming demand for chips. The shares of the semiconductor manufacturer rose by around one percent among the biggest winners in the Dax.

In contrast, the often corona-related shortage of goods such as computer chips is affecting more and more companies. New business collapsed at the leasing specialist Grenke. According to the company, this was due to global delivery bottlenecks, especially for manufacturers of computer and office technology. The shares fell by more than twelve percent and were thus clearly at the bottom of the SDax small-cap index first place in the SDax meant. The online drug retailer sees itself on track after nine months. The capacity bottlenecks have now been eliminated, there is no longer any shortage of personnel in logistics.

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