Frankfurt / Main (dpa) – After a mixed week on the stock market, the Dax also struggled on the so-called big expiry day on Friday. In the afternoon there was additional selling pressure with the weaker opening on New York’s Wall Street.
Ultimately, the Dax lost 1, 03 Percent on 15. 490, 17 points and ended near its daily low. The weekly balance for the stock market barometer was around minus 0.8 percent. The MDax of the 60 medium-sized stock market values lost 0, 74 percent on Friday on 35.292,99 Counter.
On the major expiry date, futures contracts on indices and individual stocks expire. Investors often try to move prices in a direction that is favorable for them, so that there are often stronger price fluctuations even without news.
The European leading indices also clearly went downhill. The EuroStoxx 50 closed with minus 0, 94 percent at 4130, 84 counters. The Cac 40 in Paris fell by around 0.8 percent. The London-based FTSE 100 lost around 1.2 percent. The Dow Jones Industrial in New York was trading around 0.7 percent lower at the close of trading in Europe. According to stockbrokers, the mood in trading was characterized by uncertainty in view of the ongoing inflation and economic worries and the unclear US monetary policy 1.2 percent up. 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 6.2 percent.
Continental recovered a little from the top spot in the DAX with a plus of 1.1 percent from the price kink the day before after the spin-off from Vitesco. The papers of the drive technology specialist advanced by more than 5 percent, after a rather mixed stock market start on Thursday. Buy recommendations from analysts provided a tailwind.
Shares in the car rental company Sixt conquered a high since the beginning of June and closed 5 percent higher after a positive comment from Warburg Research. Biotest started after the takeover by the Spanish medical company Grifols. The Spaniards are now making an offer to the other shareholders. Biotest ordinary shares were up almost 17 percent just above the offered 43 Euro.
For the Dax, Friday was the last trading day with 30 members. As of Monday, the leading index will have 40 values, including Airbus, another heavyweight.
The euro fell to 1. 1733 US dollar in late trading. The European Central Bank (ECB) set the reference rate in the early afternoon at 1. 1780 dollars.
On the bond market, the current yield rose from minus 0. 37 Percentage on the previous day to minus 0, 35 Percent. The Rex bond index fell by 0, 03 percent to 144,87 Points. The Bund Future lost 0, 05 percent to 171,05 Points.