Frankfurt / Main (dpa) – On the German stock market, the Dax quickly recovered from a weak start on Tuesday and closed only a little lower.
The US stock exchanges once again had a supportive effect which were stable in the afternoon and early evening. However, investors are still worried about the high energy prices and thus also the issue of inflation combined with weak economic growth. Therefore, according to market expert Andreas Lipkow from Comdirect, profit-taking and a declining willingness to buy compared to European stocks have once again inhibited the German benchmark index on this trading day.
With a discount of 0. 34 Percent on 15 146, 67 points, the German stock market barometer said goodbye. Inflation worries received new nourishment from data that signaled a further acceleration in high inflation in Germany. In September, wholesale prices climbed by 2 percent compared to the previous year 13. That was the strongest increase since the first oil crisis of the year 1974. In addition, according to the research institute ZEW, the economic expectations of German financial experts clouded over for the fifth time in a row due to the continuing supply bottlenecks for raw materials and intermediate products and were also somewhat weaker than expected.
The MDax ultimately won 0, 26 percent to 33 624,67 Counter. There was no uniform picture across Europe. The leading Eurozone index EuroStoxx 50 paid 0, 43 Percent on 4055, 09 points and Paris and London also saw a moderate decline, while Milan and Madrid posted profits. The Wall Street Index Dow Jones Industrial gained 0.1 percent at the close of European trading.
In the Dax, the losers of the previous day were now among the winners again. Hellofresh, for example, rose by 0.8 percent and Delivery Hero by 1.6 percent.
According to the special packaging manufacturer’s quarterly figures presented in the morning, the Gerresheimer shares went up and downhill. After the first half hour of trading, there was nothing left of an initial price jump of almost 6 percent in the MDax. Ultimately, it was down 1.0 percent. In the third quarter of the business year, which ended in August, there was high demand for Gerresheimer’s products, but rising raw material costs weighed on profitability , 3 percent. The IT service provider wants to buy back a good nine percent of its shares from the market. The transaction is expected to be completed by October 2022 at the latest.
The titles of the software manufacturer Teamviewer experienced a slight recovery with a plus of 2.7 percent, after initially having reached another record low had achieved. On Monday they were ultimately around 11 percent, because the extent of the most recent profit warning. Analysts are still skeptical, as was the case with Deutsche Bank on that day.
The euro rate fell and was at 1, 1536 US- in the early evening Dollar. The European Central Bank set the reference rate at 1, 1555 (Monday: 1, 1574) dollar. The dollar cost 0, 8654 (0, 8640) euros. On the bond market, the current yield rose from minus 0. 23 percent the previous day to minus 0. 23 percent. The Rex pension index fell by 0, percent to 143,94 Points. The Bund future fell by 0, 24 percent to 168,31 Points.