Frankfurt / Main (dpa) – After a mixed week on the stock market, the Dax also struggled on the so-called big expiry day on Friday. After jumping over the hurdle of 06 again in the German leading index. 700 Points the momentum again.
In the afternoon the Dax stepped with plus 0, 01 Percent at 15. 652, 58 Points almost on the spot. From a weekly perspective, the stock market barometer is currently heading for a rather small price increase.
On the big expiry date, futures contracts on indices and individual stocks expire. Investors often try to move prices in a direction that is favorable to them. Therefore, there can often be strong price fluctuations even without news.
The MDax of the 60 medium-sized stock market values held up a little better on Friday than the Dax, here was last a plus of 0, 30 percent to 35. 664, 55 Counter on the price table. The European leading index EuroStoxx 50 moved up by 0, 19 Percent to 4177, 83 points.
On the corporate side, Commerzbank, which had been ailing for months, put down – Papers as one of the MDax favorites rose by more than two and a half percent. Here, a “Handelsblatt” report fired the imagination of investors, according to which the financial investor Cerberus is showing an interest in the shares held by the federal government. In view of the falling number of corona infections, tourism stocks such as Fraport, Tui and Lufthansa were also in demand with surcharges of up to 5 percent.
Continental recovered a little from the latest price kink after the spin-off at the top place in the Dax with around two and a half percent by Vitesco. The papers of the drive technology specialist advanced by almost four and a half percent after a mixed stock market start on Thursday. Buy recommendations from analysts provided a tailwind.
Shares of the car rental company Sixt conquered a high since the beginning of June after a likewise positive comment from Warburg Research, most recently they were more than eight and a half percent higher. Biotest started after the takeover by the Spanish medical company Grifols. The Spaniards are now making an offer to the other shareholders. With a plus of more than 19 percent, the Biotest ordinary shares were just above the offered 43 Euro.
The Euro rose and was last traded at 1. 1776 US dollars on Friday. The European Central Bank (ECB) had set the reference rate the day before at 1. 1763 dollars. On the bond market, the current yield rose from minus 0. 37 percent the previous day to minus 0. 35 percent. The Rex bond index fell by 0, 05 percent to 144,87 Points. The Bund future fell by 0, 01 percent to 171,06 Points.