Dax recovers – inflation worries fade

Frankfurt / Main (dpa) – The Dax increased a bit from its recent losses 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 14. 000 dots and concluded 1, 85 Percent in plus at 15 . 250, 86 dots. Until his in August at good 16. 030 points reached a record high, but the way is still a long way. The MDax of the medium-sized values ​​moved up on Thursday by 0, 64 percent to 33. 506, 20 Dots before.

«The falling energy prices are helpful today, as they indicate an easing of the inflation front», wrote market expert Andreas Lipkow from the Comdirect-Bank. 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 block the extension of the debt ceiling until December provides support on Wall Street.

Among the individual values ​​in the Dax, BMW was up 2.3 percent among the most attractive values. The car manufacturer was able to cushion the shortages in semiconductors in the third quarter better than its competitor Mercedes-Benz. Nonetheless, Daimler’s shares were also among the biggest winners in the leading index, with a premium of around 4 percent, as auto shares were in demand again in the brighter environment almost 8 percent up. After disappointing half-year growth, the shares of the battery manufacturer had fallen by a third since mid-August. The provider of software for remote maintenance and video conferencing had shocked investors the day before with a profit warning. On Thursday, analysts lowered their target price.

In the SDax small cap index, Aareal Bank’s shares rose by almost 24 percent on 29, 20 Euro first place. The real estate financier has been targeted by financial investors.

The other leading European exchanges were also looking up. The leading euro zone index EuroStoxx 50 rose by 2, 14 Percent on 4098, 33 points. The Parisian Cac 40 and the London FTSE 100 each made less significant gains. In New York, the Dow Jones was up 1.5 percent at the close of European trading.

The euro rate rose. The European Central Bank set the reference rate at 1. 1562 (Wednesday: 1. 1542) dollar. In the bond market, the current yield fell from minus 0. 24 percent the previous day to minus 0. 28 percent. The pension index Rex gave up by 0, 000 percent 144, 29 points after. The Bund future rose by 0, 04 percent to 169, 73 points to.

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