Dax stable despite various lockdown scenarios
Source: Heise.de added 14th Jan 2021Regardless of a possibly longer lockdown than previously planned, the DAX did quite well on Tuesday. The leading German index ended trading with minus 0, 000 Percent on 13. 925, 06 points. The MDax for medium-sized values gained 0, 28 percent 31 188, 35 Points.
Amazingly robust Politicians in Germany are discussing a new, probably even more contagious variant of the coronavirus (B 117) via an extension or tightening of the current lockdown, which so far only has some parts affects the economy and public life. An extension could possibly even go until Easter. That the Dax is no longer different from the 13. 000 lowering the mark and showing astonishing stability, speaks for the robustness of the rally of the past months, said analyst Konstantin Oldenburger of CMC Markets. One could not have expected this.
An increase in the forecast drove the shares of Deutsche Post by 2, 14 percent up. But they did not come close to the record high they had reached two months ago. Thanks to the ongoing good business situation in the corona pandemic, the logistician is going into the following years even more confidently. With the fourth quarter, the group clearly exceeded expectations, analysts said.
Company news was also rare. Analysts moved HeidelbergCement with plus 1, 91 percent and Infineon with plus 3, 19 percent. Bank of America now recommends buying the share of the Heidelberg-based building materials manufacturer, which was previously rated “Neutral”. After positive interim reports from the semiconductor industry, Deutsche Bank expressed its optimism about the shares of the chip manufacturer Infineon and set the price target 40 Euro high.
The shares of the utilities RWE and Eon were among the weakest stocks in the Dax with discounts of 2, 85 or 2, 33 Percent.
Successful online pharmacy The shares of Shop Apotheke jumped 8, 56 percent and were the front runners in the index of medium-sized stocks. Bank of America started the valuation of the shares with a buy recommendation and a price target of 200 euros. The online pharmacy offers an attractive investment opportunity in one of the last retail areas that is still in its infancy, wrote analyst Benjamin Lacaille. Larger online pharmacy operators are now trying to set the course in order to achieve as much market power as possible – including the DocMorris parent company “Zur Rose”.
The EuroStoxx 50 closed 0, 23 percent weaker to 3612, 13 points to. The French Cac 35 and the British FTSE 100, while the US benchmark index Dow Jones Industrial showed little change at the close of European trading.
The euro stabilized after just under a week with mostly losses. After the end of the exchange, the common currency cost 1, 2169 US dollars. The European Central Bank (ECB) previously had the reference rate at 1, 2161 (Monday: 1, 2163) dollar fixed, the dollar thus 0, 8223 (0, 8222 ) Euros. On the bond market, the current yield rose from minus 0. 25 percent the previous day to minus 0. 51 percent. The bond index Rex fell by 0, 22 Percent on 145, 80 Points. The Bund future was up by 0, 25 percent on 176,46 Points after.
(kbe)
brands: longer New One Trading media: Heise.de
Related posts
Notice: Undefined variable: all_related in /var/www/vhosts/rondea.com/httpdocs/wp-content/themes/rondea-2-0/single-article.php on line 88
Notice: Undefined variable: all_related in /var/www/vhosts/rondea.com/httpdocs/wp-content/themes/rondea-2-0/single-article.php on line 88
Related Products
Notice: Undefined variable: all_related in /var/www/vhosts/rondea.com/httpdocs/wp-content/themes/rondea-2-0/single-article.php on line 91
Warning: Invalid argument supplied for foreach() in /var/www/vhosts/rondea.com/httpdocs/wp-content/themes/rondea-2-0/single-article.php on line 91