Dax Stock Index Accelerates Recovery | Free Press

Frankfurt / Main (dpa) – Hoping for a clear result in the US presidential elections this Tuesday led to the Dax around noon. Germany’s leading index rose 1.90 percent to 12,012.17 points.

This has yet to fully close the gap created by the price drop last Wednesday. From a low of 11,450 points last Friday, the index is up nearly five percent.

The MDax of the 60 midsize stocks on the stock market rose 1.48 percent to 26,464.50 on Tuesday. The mood on stock exchanges across Europe was also characterized by hope and optimism. The EuroStoxx 50 as the leading index in the euro zone gained two percent, with the same strength as the Dax.

Bayer suffered a loss of billions of dollars due to a difficult agribusiness in the third quarter and even missed recently lower expectations from analysts. At less than 0.9 percent, Bayer was the only loser at the Dax. At the top of the Dax were the titles of the engine manufacturer MTU with 3.8 percent more.

On the MDax, shares in the fashion company Hugo Boss rose 3.2 percent according to the figures. Newspapers in Hellofresh, one of the winners from the crown crisis, lost more than four percent at the end of the index after an initially positive start. Hellofresh had confirmed the annual target increase in October. JPMorgan analyst Marcus Diebel is optimistic about the latest quarter, but skeptical about 2021.

After heavy price losses last week, Kl√∂ckner & Co’s quarterly figures now ensured a recovery. Shares of the Duisburg steel trader gained more than eight percent at the top of the SDax.