Opening of the Frankfurt Stock Exchange: Dax remains stable



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FRANKFURT (dpa-AFX) – After the weak market in the middle of the week, the Dax was somewhat stabilized on Thursday. The trend of Asia's largest stock exchanges however has not been able to keep up with the German leading index. Instead of winning again significantly, he stood with 0.14 percent at 12,434.14 points just as well in the most. The day before, he had lost 1.5 percent worries about the outbreak of a trade war.

The MDax rose 0.23% to 26,200.31 early in the session on Thursday. The TecDax technology index increased by 0.65% to 2812.39 meters. The EuroStoxx 50 index recently lost interest and fell by 0.09%

. The desire of US President Donald Trump to escalate the trade dispute with China remains a major problem on the stock markets. Given the nervousness of investors and their fear of a strong trade war could therefore threaten further losses.

However, the fact that the US dollar currently appreciates a lot of currencies, currently supports stock markets in Europe and Asia. A weak national currency benefits export-oriented firms. "This has apparently superimposed the negative impressions of the trade dispute on many investors," she said of Postbank. The euro remained below 1.17 dollars in the morning, below the reference rate set by the ECB. However, it has somewhat recovered and was traded at $ 1,1688

Before reviewing the data on US consumer prices in the afternoon, the first quarterly balance sheets of German second-tier companies were initially targeted. By the Dax companies, however, there was little exciting news. The residues were the banking values, similar to the whole of Europe. In contrast, the defensive stocks FMC and Merck KGaA of the health care sector were particularly in demand

In the MDax, Gerresheimer stock jumped 10.3% after the outlook for recipes collected the day before. Although the second quarter figures were slightly weaker than expected, a trader also pointed to two major awards and the acquisition of Sensile Medical. The Swiss company develops drug delivery pumps.

Despite a fall in profits in Südzucker in the first fiscal quarter, the shares of SDax of the largest European sugar refinery rose by 1.2%. However, they had already lost a lot in advance and had fallen on Monday to the lowest level since 2015. According to Goldman Sachs, the figures released today have not brought any big surprises [[http://www.youtube.com] 19659007] for the Nordex, the TecDax was up 2.7%, after the wind turbine manufacturer had almost twice as many orders as the year before. 19659017] [ad_2]
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