Home / Business / Frankfurt shares: Dax slightly less than 12,000 points | 05/15/19

Frankfurt shares: Dax slightly less than 12,000 points | 05/15/19

FRANKFURT (DPA-AFX) – Dax (DAX 30) remains on strike distance to the 12,000-point round mark on Wednesday. In the early trading he had climbed over them, but then he lost something again. The leading index changed only slightly by 11,985.04 points minus 0.05 percent.

Experts from stock market statistics Index Radar show signs of stabilization. In the area, approximately 11,850 points Dax investors have shown twice in recent weeks the increase in purchase prices. On the previous day, the index had recovered by about one percent in terms of trade war with China, according to US President Donald Trump without making the leap over the 12,000 feet.

On Wednesday, MDAX yielded 0.03 percent after 25,408.85 points. EuroStoxx 50 (EURO STOXX 50) lost 0.20 percent. In Asia, stock markets had risen, although financial data from China on retail, industrial production and investment had disappointed. Calls for stabilization measures by the Chinese government are now higher.

The reporting period in this country continued with figures from RWE from Dax. The shares continued their good maturity on the Dax peak by plus 3.3 per cent. A trader spoke of a very solid first quarter of the tool, which underlines the good start of the year. However, the shareholder Eon (EON SE) gave even more than the deductible dividend. Goldman Sachs had the shares in "buy" rated "neutral".

Negative with minus 1

3 percent fell in SDax LEONI paper. The supplier and the cable manufacturer of the scary image electronics glided into the red at the beginning of the year. UBS advises to sell the shares. A basic transformation is necessary to get the company back on track, wrote analyst Patrick Hummel in his latest study.

In any case, paper from the copper smelter Aurubis (Aurubis (ex Norddeutsche Affinerie)) and the steel manufacturer Salzgitter AG (Salzgitter) were lost. United Internet and 1 & 1 Drillisch also came under strong pressure from the number, while Cancom (CANCOM SE) rose sharply.

Axel Springer (Axel Springer SE) benefited from a campaign by JPMorgan. The shares in OSRAM suffered from the Lichtkonzern's announcement not to continue the share contribution.

Economic growth in Germany during the first quarter was as failed as expected by economists. In the afternoon, interest can still focus on economic data from the United States. In particular, the focus is on the retail trade, since much of the growth is based on private consumption./ajx/fba

— By Achim Jüngling, dpa-AFX —

Source link