Frankfurt / Main (dpa) – High corona infection figures have clouded the mood in the German stock market more strongly on Thursday. The Dax lost 0.88 percent to 13,086.16 points.
The leading index did not pass the 13,300 mark recently, but it also did not drop below the 13,000 mark.
“You can see in the markets that, despite all the concerns, there is no strong downward pressure,” he said in the current issue of the “Fuchs” trading chart. “If it goes down a bit, new buyers enter the market immediately,” the authors wrote, referring to business activity in recent days.
The MDax of the 60 midsize shares fell 0.19 percent on the penultimate trading day of the week to 28,745.50 meters. It also fell across Europe: the EuroStoxx 50 as the euro zone’s leading barometer posted a 0.87 percent discount to 3451.97 points, the French Cac 40 and the British FTSE 100 closed equally weak. The New York Dow Jones Industrial was moderately in the red at the close of European trading.
According to statements about future business development, MTU ranked second to last on the Dax with minus 2.63 percent. After the sales slump in the Corona crisis, the engine maker does not expect strong growth again for a few years. At the bottom of the leading index, reinsurer Munich Re’s shares lost 3.36 percent after Société Générale bank canceled its buy recommendation.
Forklift manufacturer Kion wants to raise nearly € 1 billion with a capital increase. The move dropped the course on the MDax by seven percent. Thyssenkrupp reduced its price loss, sometimes very high, to 3.39 percent. The ailing industry group wants to cut thousands more jobs in the face of billions in losses. One trader described the outflow of 5.5 billion euros in cash in the current financial year as “disastrous”. The industrial group’s net loss is also greater than previously feared.
On the SDax, Wacker Neuson shares fell 8.41 percent. Construction machinery manufacturer loses its CEO and CFO. “Different views on corporate governance” were given as the reason. Investors are now questioning the strategy, creating uncertainty.
The euro was recently quoted at $ 1.1842. The European Central Bank had set the reference rate for the afternoon at 1.1832 (Wednesday: 1.1868) US dollars and the dollar cost 0.8452 (0.8426) euros. In the bond market, the current yield fell from minus 0.57 percent on Wednesday to minus 0.58 percent. The Rex pension index hit the nail on the head with 146.04 points. The future of the Bund gained 0.11 percent to 175.32 points.