Dax weak: investors cautious ahead of the weekend | Free Press

Frankfurt / Main (dpa) – Investors increasingly avoid risk ahead of the weekend. After the first clearer take of benefits the day before, this Friday it fell a little more in the Dax. The 13,000 point mark is in jeopardy again.

In view of the increasing number of corona infections around the world, the great euphoria at the important advances made in the search for a vaccine has dissipated somewhat. A new record for new infections has also been reported in this country. Also, even if the vaccine is approved quickly, it will take a long time before enough people are vaccinated.

In early trading, the leading index lost 0.17 percent to 13,030.29 points, meaning the weekly gain is still over 4 percent thanks to strong gains on Monday. The MDax of the 60 median stocks turned positive after initial losses. More recently, it gained 0.18 percent at 28,385.80 points. The leading euro zone index, EuroStoxx 50, was slightly above the previous day’s close with a 0.03 percent lead.

The company continued with the presentation of quarterly balance sheets. Real estate agency Deutsche Wohnen reported from DAX, whose stake rose 1.0 percent. According to analysts, the nine-month balance was slightly better than expected. Also, the valuation earnings forecast for 2020 is slightly above the market estimate, according to US bank Goldman Sachs.

The SDax included quarterly reports from Deutsche Euroshop and Tele Columbus, whose actions ran in opposite directions. The business of real estate investor Euroshop, specialized in shopping centers, recovered strongly from the corona shock in the first half of the year. The bottom line was again a profit, giving the stock a 1.8 percent gain.

For Tele Columbus, however, it was down 3.4 percent. The cable operator is on track towards its annual goals. The numbers in themselves were surprising, it was also said in the market. For the role of the financial W├╝stenrot & W├╝rttembergische (W&W) it fell 0.6 percent according to the figures.

Automotive supplier Stabilus gave detailed figures and an outlook for the rest of the year. After strong initial losses of nearly 5 percent, the stock turned positive and more recently gained 0.3 percent.