German stock market remains on the rise | TIME ONLINE

Frankfurt / Main (dpa) – Investors in the German stock market also maintained their optimism in the middle of the week. The dominant Dax index increased its profits from the previous day and rose early in the afternoon by 0.61% to 12,738.74 points.

The stock market barometer reached the level of mid-June. According to brokers, among other things, the positive influence of statements by US Federal Reserve Chairman Jerome Powell, who had already given markets the day before a boost. Powell had spoken positively about the US economy and had campaigned for free trade.

The MDax of medium-sized enterprises increased by 0.82% to 26,900.69 points. The TecDax technology index gained 0.86% to 2876.07 against. The EuroStoxx 50, the leading index of the euro zone, was also friendly.

The optimistic forecasts of United Continental and EasyJet supported Lufthansa's action, as did the still-low oil price. He gained 2.6% on the peak of Dax.

The long-awaited conversion of Continental's automotive supplier could no longer fuel Conti's action. Hanoverians are now closing the gap between the supplier sector, the tire sector and the powertrain sector. Immediately after the announcement, the price rose to 4.5 percent, but then greatly decreased profits.

Software AG's shares fell by 4.8% at the end of TecDax. Investors complained about the disappointing performance of the software of the Internet of Things and the software rental business (cloud) in the second quarter.

On the bond market, the current yield fell from 0.18% Tuesday to 0.16%. The Rex bond index rose 0.08% to 141.56 points. The Future Bund gained 0.23% to 163.14 points. The euro was traded for the last time at 1.1614 US dollar. The European Central Bank (ECB) set Tuesday the benchmark rate at 1.1707 (Monday: 1.1720) dollars. The dollar had cost 0.8542 (0.8532) euros.