ECB statements only weigh on Dax for a short time

Frankfurt / Main (dpa) – On Thursday, the Dax almost completely made up for its somewhat more significant losses in the wake of the monetary policy statements of the European Central Bank (ECB).

With minus 0 , 06 percent on 15. 696, 33 The leading German index went out of trading. The MDax of the medium-sized stock market stocks closed unchanged in percentage terms with 35. 012, 14 points.

The ECB is sticking to its cheap money rate despite higher inflation. Only in December does the central bank council want to decide how to proceed with the billion dollar bond purchases. In Germany, meanwhile, inflation accelerated further in October. Lagarde reiterated that the rise in inflation was only temporary. According to the expert Christian Reicherter from DZ Bank, the market-side fantasy of a rate hike was dampened slightly: “The market players do not seem to be completely convinced.” The year will actually fall as much as currently forecast, wrote economist Jens-Oliver Niklasch from Landesbank Baden-Württemberg. “And the market is even more interested in what the ECB will do if this forecast turns out to be wrong.” In the money market, the players increasingly seemed to be betting that the ECB would ultimately be forced to correct its course and tighten monetary policy in the coming year Quarterly reports. Airbus, Volkswagen and Linde published business figures from the Dax. Airbus raised its profit target for 2021 for the second time this year. The shares then gained 1.9 percent. Volkswagen shares lost 4.5 percent. The Wolfsburg were cautious about delivery numbers and sales 2021 due to delivery bottlenecks. The Linde shares lost 1.1 percent despite a further increased profit target of 2021. The paper of the gas producer had climbed to a record high the day before.

The biggest losers in the leading index were Deutsche Wohnen with minus 8.2 percent. The company is now leaving the Dax due to the takeover by Vonovia. For Deutsche Wohnen, the Beiersdorf shares return to the Dax, which lost 4.7 percent this Thursday. Analyst Martin Deboo from the Jefferies investment bank described the third quarter of the Nivea and Tesa manufacturer as “slightly weaker than expected.”

The papers of the construction software manufacturer Nemetschek fell 7.3 percent in the MDax away. Here investors took profits after the recent price rally. Aurubis shares, on the other hand, jumped to their highest level since the beginning of August after a fiscal year that was better than expected and closed with a plus of 4.6 percent.

The Eurozone leading index EuroStoxx 50 gained 0, 27 percent on 4233,87 Points. The French Cac 35, the British FTSE 100 closed hardly changed. In New York, the Dow Jones Industrial rose at the close of European trading.

The euro was last at 1. 1684 US dollars. The ECB had set the reference rate at 1, 1593 (Wednesday: 1, 1617) US dollars. The dollar cost 0, 8626 (0, 8608) euros.

The European Central Bank had the reference rate on the previous day at 1, 16 dollars. On the bond market, the current yield to cash fell from minus 0. 25 percent to minus 0. 27 percent. The Rex bond index rose by 0, 00 percent to 144,00 Points. The Bund future lost 0, 46 percent to 168, 88 Points.

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