Frankfurt / Main (dpa) – Ahead of the US presidential elections this week, the Dax remains in difficult waters in early November. In early trading on Monday, the leading German index rose 0.10 percent to 11,568.35 points.
The MDax of the 60 median stocks of the stock market rose 0.38 percent to 25,819.66 points. Graphics technology experts see that the Dax is still hard hit after its recent high losses. In the previous week alone, the barometer had lost almost nine percent, burdened by new crown locks in numerous European countries, the imponderables surrounding the US elections on Tuesday, and the heavy price losses of the heavyweight index. SAP.
Economic data from China earlier in the week had a slightly stabilizing effect on the German stock market, where the mood in the boardrooms of Chinese companies in October was better than it had been for nearly ten years, as showed the purchasing managers index of the business magazine “Caixin” for the manufacturing sector.
In addition to the US elections and the blockades in Europe, the balancing season continues to mark the agenda this week. On Monday, the report from medical technology group Siemens Healthineers and detailed quarterly figures from financial services provider Hypoport remain calm.
Siemens Healthineers wants to grow back after a dent in the last fiscal year. The group’s performance in the fourth fiscal quarter called mixed distributor. Shares listed on the MDax fell 0.2 percent.
Grenke was up 2.6 percent. Bankhaus Lampe had upgraded the leasing specialist’s share from “Hold” to “Buy”. According to analyst Andreas Schäfer, Grenke surprised positively with the third quarter. He considers the latest accusations against the company unfounded.
Despite the Corona crisis and a significant drop in earnings, Hypoport is on track towards its annual targets. In the small-cap SDax index, stocks gained 2.6 percent. Shares of ethanol maker Cropenergies advanced 2.7 percent. As of this Monday, they will replace the roles of the start-up investor Rocket Internet in the SDax, which is leaving the stock market.
In the context of the lockdowns, the roles of the travel and aviation sectors such as MTU, Lufthansa and Fraport were again very weak. They lost up to two and a half percent.