Frankfurt / Main (dpa) – The Dax closed after a roller coaster with a small profit. After a firmer morning, the German benchmark fell into the red ahead of the European Central Bank (ECB) interest rate decision.
According to statements by the president of the ECB, Christine Lagarde, which indicate an additional easing of monetary policy, the Dax recovered and closed with a rise of 0.32 percent to 11,598.07 points. However, the MDax of the 60 median stocks of the stock market lost 0.32 percent to 25,801.82 points.
The leading euro zone index, EuroStoxx 50, fell 0.1 percent to around 2,960 points. The Cac 40 in Paris and the British FTSE 100 closed with little change. In the US, the Dow Jones Industrial was up about 0.3 percent at the close of business in Europe.
The recent worsening of the corona crisis with measures to contain the pandemic is also putting pressure on the ECB. Lagarde announced a realignment of monetary policy instruments at the next meeting in December. The Monetary Policy Council agreed in its deliberations that more measures were necessary, Lagarde said. At Thursday’s interest rate meeting, the ECB had left its monetary policy unchanged. The key interest rate in the eurozone remains at zero percent.
The company’s quarterly reporting season continued on Thursday. It was the turn of Volkswagen, the engine manufacturer MTU, the Fresenius medical company and its dialysis subsidiary Fresenius Medical Care (FMC) of the Dax. Fresenius shares were initially way ahead with a clear lead, but then turned red and eventually lost 2.5 percent. FMC also went into the red and lost 2.8 percent. However, there was talk of a good quarter for both companies in the market.
Volkswagen reacted to its figures with more than 1.1 percent and recovered from its recent losses. MTU continues to drive through the pandemic with black numbers, but the attempt to get the papers back in the morning quickly came to an end. They fell 3.9 percent and were at the bottom of the list on the Dax. MTU is among the losers of the crown crisis on the German stock market. Not so with Delivery Hero, which grew 3.0 percent. The food supplier crisis winner percentage had already benefited significantly from the increase anticipated the day before.
At the MDax end, Aixtron stood out negatively with a 12.5 percent price loss. After the third quarter, the LED and chip industry supplier is a bit more cautious about year-round sales. On the other hand, stocks at construction software maker Nemetschek rose 11.6 percent after raising annual targets. Carl Zeiss Meditec fell 2.8 percent after quarterly figures.
The numbers from US tech giants Apple, Amazon, Alphabet and Facebook promise excitement the night after the US market closes. Their price gains had contributed greatly to the stock market rally in recent months.
The euro fell sharply after the ECB meeting and recently traded at $ 1.1660. The European Central Bank (ECB) set the benchmark rate for the afternoon at $ 1.1704. The current yield in the bond market remained at minus 0.64 percent. The Rex bond index fell 0.01 percent to 146.59 points. The future of the Bund gained 0.08 percent to 176.24 points.