Dax: Thicker at closing, Dow Jones also red

Following the weakening of Wall Street, investors in European stocks again threw shares of their accounts on Wednesday afternoon.

Poor economic data, partially disappointing corporate data and a weak Wall Street trend also pushed the German stock market down on Wednesday. the Dax
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At the end of the session, his 0.8% gain in the afternoon was fully absorbed, closing down by 0.73% to 11,191 points. With 11,166 points, he had dropped to the lowest level since December 2016. The MDax stock market chart showing medium-sized stocks closed at 0.57% to 23,278 points.

The EuroStoxx 50 stock market index, the main index of the euro zone, lost 0.34% to 3,130 points. In France, the CAC 40 fell by about 0.3%, in the UK, the FTSE 100 stock chart posted an increase of about 0.1%. In New York, the Dow Jones US benchmark index broke the 25,000 mark early in the session and lost 0.7% over the week in Europe.

Fall depression in the markets

"The autumn depression in the markets," resigned badyst LBBW, Thomas Meißner. "In addition to Italy, issues such as the announcement of initial US sanctions against Saudi Arabia or the termination of a Russian disarmament agreement cast a shadow over trade, not to mention perpetual burners of Sino-US trade, Brexit and US rate hikes ".

In this already nervous environment, the current financial season has also caused many disappointments. Jochen Stanzl, Market Analyst at CMC Markets, is now worried about excessive estimates of board profits. "Next, stock prices still have to adapt to the new reality of slowing profit growth." This was also supported by weak economic data in Europe, which caused problems for the euro.

In this country, the results of the Deutsche Bank stocktaking had to be treated midweek. However, the institute could not convince its investors to aim for a profit after three years of losses for 2018. Analysts were disappointed by the third quarter. The stocks fell by about 4.8% and were therefore among the lowest values ​​of Dax.

Shares in the Adidas stock market were particularly sought after, up 1.8%, while Infineon's recent stock market slide continued to show an increase of 4.7%. Trends in the different sectors influenced both documents. Lifestyle products such as Adidas were in demand, among other things, because of the positive sales figures of the Kering luxury goods group. The Puma stock chart also benefited in the MDax with an increase of 1.4%.

Dax Realtime: Here you can see Dax, Dow Jones and other clues in real time

For the shares of the German Telekom stock market, it rose by 0.9%. They continued their recent relative strength relative to the global market. A new impulse has been given by an optimistic voice of the Metzler bank.

The stock market chart of Klöckner & Co., a steel trader, was disappointed by the figures for the third quarter. The title has dropped more than 10% in a dark environment. The steel industry in general has suffered from the reduced profit prospects of the Austrian steel group Voestalpine. The Salzgitter stock chart shows that stocks lost more than 5% and the ThyssenKrupp stock chart, 2.3%. Shares of the packaging equipment maker, Krones, show that the stock chart has dropped more than 8% after a profit warning.

In the bond market, the current yield rose from 0.27% the day before to 0.23%. The Rex bond index rose 0.16% to 141.00 points. The Future Bund gained 0.29% to 160.11 points.

The price of the euro fell for the first time since August, below the US $ 1.14 mark. Finally, only $ 1.3991 was paid for the common currency, under the influence of a disappointing feeling about the economy of the euro area. The reference rate was set at USD 1.1389 by the European Central Bank (ECB).

dpa-afx, rtr