Frankfurt / Main (dpa) – The highly anticipated US stock exchanges gave investors in the German stock market new buying impulses.
After continued profit-taking in early trading, the Dax turned positive, rising 0.62 percent to 13,133.74 points around noon. His weekly benefit, especially after Monday’s impressive daily benefit in light of the vaccine’s euphoria, is currently just over 5 percent.
The MDax of the 60 medium-sized stocks increased 0.78 percent to 28,554.10 points. The leading euro zone index, EuroStoxx 50, advanced 0.72 percent. Despite growing corona infection figures around the world, including record increases in this country and also in the US, the previous US trade indicates a recovery on Wall Street.
The company continued with the presentation of quarterly balance sheets. Real estate company Deutsche Wohnen reported on the Dax and its stake increased by 0.8 percent. According to analysts, the nine-month balance was slightly better than expected. In addition, the 2020 valuation earnings forecast 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 shares a 4.9 percent gain.
For Tele Columbus, however, it was down 4.3 percent. The cable operator is on track towards its annual goals. The numbers themselves were staggering, he told the market. For the role of the finance company Wüstenrot & Württembergische (W&W) it rose 1.2 percent according to the figures.
Automotive supplier Stabilus gave detailed figures and an outlook for the rest of the year. After initially significant losses of nearly 5 percent, the share has turned positive. Around noon there was 0.7 percent less.