German stock market is recovering

Frankfurt / Main (dpa) – After the strong setback the day before, bargain hunters caused prices to rise on the German stock market on Wednesday.

The Dax was in the afternoon at 0.

Percent up at 10. 377, 62 points. The MDax of the medium-sized stock market values ​​was up with 0, 45 percent at 34. 655, 90 counters. In the EuroStoxx 50, the leading index of the Eurozone, the plus was 0, 88 percent 4094, 44 Points.

Analyst Jochen Stanzl from CMC Markets is still holding the shaky game not for endured. “The vicious circle of supply bottlenecks, rising raw material prices, rising inflation and rising interest rates is currently beating the players on the stock market really on the stomach,” stated the market watcher.

After the recent flight of investors from technology stocks and coronavirus The winners went in the opposite direction again in the middle of the week: stocks from the pharmaceutical / medical technology sector such as Sartorius and Merck benefited from this. Both rose by more than 1 percent. For the active ingredient researcher Evotec it was up by more than 5 percent.

Chip values ​​also increased. However, the mixed outlook of the US semiconductor manufacturer Micron prevented an even stronger price recovery. Infineon shares rose by around half a percent and those of Aixtron by around 1 percent.

In the MDax, Gea shares were among the favorites with 3.7 percent. Analysts praised the growth strategy of the mechanical and plant engineering company presented at the Capital Market Day and were particularly surprised by the margin targets.

In contrast, plans by Heidelbergcement to join a US software specialist for building materials met with skepticism. The shares were at the bottom of the Dax with minus 2.3 percent.

The euro fell to its lowest level since November 2020 and was 1,

in the afternoon. US dollars traded. The European Central Bank set the reference rate on Tuesday at 1. 1678 dollars.

On the bond market, the current yield fell from minus 0. 28 percent on the previous day to minus 0, 30 percent. The Rex bond index rose by 0, percent to 144,35 Points. The Bund future climbed by 0, 16 percent to 170, 16 Points.

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