Frankfurt / Main (dpa) – The Dax ended on Friday trading slightly higher after a strong week in the stock market. At over 0.18 percent and 13,076.72 points, the leading German index crossed the finish line, increasing 4.8 percent on a weekly basis.
The reason for the weekly gains was the high price increase at the beginning of the week in the wake of the euphoria over an effective corona vaccine and the election victory of Joe Biden in the US The Dax remained above 13,000 points during all week. However, market watchers warned that the rally could now halt in light of the further increase in the number of corona infections.
The MDax of the 60 median values advanced 0.63 percent to 28,512.96 points on Friday. For the leading eurozone index, EuroStoxx 50, it rose 0.11 percent to 3,432.07 points and the French Cac 40 also closed moderately higher, while the British FTSE 100 was affected by the strength of the pound and fell slightly. In New York, confidence dominated at the end of European trading and the Dow Jones Industrial rose.
Newspapers from the food delivery service Delivery Hero, one of the winners of the pandemic crisis, were at the bottom of the Dax at minus 6.52 percent. South Korea’s antitrust authority KFTC gave the group the conditions for the planned joint venture with competitor Woowa and provided investors with a cold shower with these unexpectedly harsh bandages. The Dax group is advised to sell its South Korean subsidiary Yogiyo.
According to analysts, real estate group Deutsche Wohnen posted slightly better-than-expected nine-month numbers, but shares turned in the red over the course of trading, closing 0.93 percent weaker. However, since the beginning of the year they have been doing very well.
In the small-cap SDax index, Tele Columbus shares were among the biggest losers at minus 4.09 percent. The cable network operator is on track with its annual targets, but the quarterly figures themselves were not well received by shareholders.
The business of real estate investor Deutsche Euroshop, specializing in shopping centers, rebounded strongly from the impact of the crown in the summer. The bottom line was again a profit, which gave the shares an 8.42 percent gain.
The euro gained a bit and cost $ 1.1826 after the market closed. The European Central Bank (ECB) had previously set the reference rate at 1.1815 (Thursday: 1.1791) dollars, so the dollar cost 0.8464 (0.8481) euros. In the bond market, the current yield fell from minus 0.51 percent the day before to minus 0.55 percent. The Rex bond index rose 0.15 percent to 145.89 points. The future of the Bund was quoted unchanged in percentage terms at 174.97 points.