Frankfurt / Main (dpa) – The Dax has stabilized after the setback at the beginning of the week. The German benchmark index closed on Tuesday 0, 27 percent up at 15. 515, 83 points. The MDax of the medium-sized listed companies rose by 0, 58 percent to 34. 590, 36 points.
«The consolidation phase after the sharp rise in the The previous week will initially be extended, ”said capital market strategist Jürgen Molnar from Robomarkets. “However, well-known risk factors such as rising energy prices and the associated fears of inflation, an imminent change of course out of the ultra-loose monetary policy, but also the turbulence on the Chinese real estate market continue to smolder in the background.”
Winners and losers
Among the best values in the Dax, Munich Re shares rose by 2.6 percent after the presentation of key figures. Despite high catastrophe losses, the reinsurer is sticking to its target of an annual profit of 2.8 billion euros.
Delivery Hero’s recovery continued with a share price increase of over one percent. The food supplier announced that it was joining the delivery service start-up Gorillas.
Software papers showed more significant price fluctuations: Software AG fell by almost eleven percent after a disappointing outlook for the important digital business with integration software. That put them at the bottom of the list in the MDax. After the recent stabilization, the shareholders of the remote maintenance software specialist Teamviewer had to cope with price losses of almost three percent and a record low in the meantime two percent. While the technology group benefited from the announcement of an acquisition, the papers of the biofuel manufacturer continued their record hunt even without the latest news.
The exchange rate of the euro rose: The European Central Bank set the reference rate at 1. 1655 (Monday: 1, 1604) US dollars fixed. The dollar cost 0, 8580 (0, 8618) euros. On the bond market, the current yield fell from minus 0. 23 percent the previous day to minus 0. 24 percent. The Rex bond index rose by 0, percent to 143, 90 Points. The Bund future lost 0, 33 percent to 168, 55 Points.