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FRANKFURT (dpa-AFX) – Encouraging quarterly figures were posted Tuesday on the German stock market. The Swiss group Grobank UBS, the French car manufacturer PSA and the American giant of the Internet Google (Alphabet C (ex Google)) have been optimistic for the coming season. This also benefited the Dax (DAX 30), which brought it to 12755 points in the lead. In the end, the German head index gained up to 1.12% to reach 12,689.39 points
Another market support was that China had adopted a package of measures to stimulate demand in the country, thereby reducing the impact of the economy To mitigate trade disputes with the United States. According to Jasper Lawler of the London Capital Group, this is a welcome distraction from the pricing issue, which has had a negative impact on the recent heavy values in the export market.
Although less clear than the Dax, the other German indices also closed in positive territory, The MDAX of medium-sized companies increased by 0.78% to 26,734.34 points. The TecDAX technology index rose 0.67% to 2905.54 points
The EuroStoxx 50 (EURO STOXX 50) ended up gaining 0.85%. Things have also increased in London and Paris. In New York, the Dow Jones Industrial (Dow Jones 30 Industrial) was at the height of the euro area's leading index at the close of European trade
The Dax was the hardest hit by automakers well represented: BMW, Daimler and Volkswagen. vz) gained 2.8%, driven by a large number of French competitors PSA (Peugeot) and the economic outlook in the important sales market in China. The PSA (Peugeot) group's shares in Paris have even climbed by nearly 15%.
In addition to automobile stocks and banking stocks, demand has also risen surprisingly. investors who have not been particularly successful in the past. In the Dax, Commerzbank shares in particular with a rise of 3.4% were a big beneficiary. They took the lead in the Dax.
On the other hand, defensive sectors such as utilities, telecommunications and consumer goods have been in low demand. The shares of the energy group RWE belonged to the last strong performance with a discount of more than 1% for the biggest losers of Dax – with the competitor Eon (EON SE). Shares of Deutsche Telekom lost 0.66% and those of Beiersdorf nearly half a percent.
In the MDax, ProSiebenSat.1 (ProSiebenSat1 Media SE) was one of the favorites with nearly 3% more – thanks to an optimistic commentary. JPMorgan's expert, Daniel Kerven, spoke of an "enticing appraisal" by the media. With a price target of 45 euros, he dares to double it.
At Drr, on the other hand, an expert made a negative comment, with a price decrease of 4% and a low reading for 18 months. Kepler Cheuvreux badyst Hans-Joachim Heimbrger expects the plant manufacturer to post rather weak quarterly figures and reduce its forecasts.
The shares of the pharmaceutical company Sartorius (Sartorius vz) are initially raised to more than 150 euros. But they have paid their tribute since the end of June. Profit-taking then pushed them into the TecDax with 2% in the minus. Siltronic, on the other hand, was one of the big winners with 4.6 percent. Investors seized the platelet manufacturer's expected results the next day
On the bond market, the current yield rose from 0.20% the day before to 0.22%. The Rex bond index (REX Total Price Index) fell 0.11% to 141.11 points. The Future Bund gained 0.17% to 162.27 points. The euro has only moved recently with 1.1693 euros on the site. The European Central Bank (ECB) had previously set its benchmark rate at 1.1706 (Monday: 1.1716) dollars / tih / he
— By Timo Hausdorf, dpa-AFX — [19659013] WhatsApp Newsletter
