Frankfurt / Main (dpa) – The Dax has given back its previous day’s profits. A capped sales forecast by Nike with negative consequences for the German sporting goods manufacturer and the still fragile situation at the Chinese real estate group Evergrande warned investors to be cautious.
Germany’s most important economic barometer, the Ifo business climate, was also somewhat in September fallen more than analysts expected. However, this could not put the Dax under additional pressure.
In the afternoon, the German benchmark index posted a minus of 0, 81 percent to 15.517,96 Points, with which he is currently heading for a profit of around 0.2 percent on a weekly basis. On the last trading day of the week, the MDax of the medium-sized stock market values so far lost 0, 62 percent to 35.262,98 Counter. The leading index of the Eurozone, the EuroStoxx 50, recorded a discount of one percent.
The situation with the troubled Chinese remains exciting Real estate company Evergrande. Concerns that a possible real estate crisis in the People’s Republic could affect the global financial system, however, have been mitigated by more and more experts. “Evergrande is not a financial institution and not as globally networked as Lehman Brothers was back then,” said DZ Bank. The volatility in the markets is likely to remain high in the coming days, however, and calm will only return when the Chinese government finally intervenes or guarantees outstanding payments, according to the institute Nike lost Adidas and the Puma titles, which are now also listed in the Dax, 3.3 and 2 percent respectively. Persistent supply chain disruptions are causing problems for North Americans.
Car values were firm across Europe. The Daimler shares as the favorite in the Dax rose by 1.2 percent. The manufacturer joins the battery cell alliance (ACC) of the large corporations Stellantis and Totalenergies to supply its electric cars. In the Dax, Sartorius were among the biggest losers with minus 3.1 percent, in the MDax Carl Zeiss Meditec, Evotec and Gerresheimer were behind with sales of up to 3.5 percent. Eckert & Ziegler took last place in the SDax secondary stock index with a minus of almost six percent.
Teamviewer won 4.1 percent in first place in the MDax. Bankhaus Metzler had included the evaluation of the papers of the software provider of remote maintenance solutions with “Buy”.
The euro was traded at 1. 1719 US dollars in the afternoon. The European Central Bank (ECB) set the reference rate on Thursday at 1. 1715 dollars.
On the bond market, the current yield rose from minus 0. 37 percent on the previous day to minus 0, 32 percent. The Rex pension index fell by 0, 28 percent to 144, 46 Points. The Bund future lost 0, 19 percent to 170, 31 Points.