Equities Frankfurt Outlook: Courses are still going up
FRANKFURT (dpa-AFX) – After the good start to the week, the Dax should pick up a bit on Tuesday. Just under an hour before the start of Xetra, the X-Dax, as an indicator for the leading German index, signaled an increase of around half a percent to 15,546 points, after gaining almost one percent on Monday. There is tailwind from the US stock exchanges, which expanded profits in late trading.
Concerns about a rapid tightening of monetary policy in the US had recently thrown the rally out of step. European stocks had their worst stock market month since October 2020 in January, wrote analyst Michael Hewson from broker CMC Markets. The Dax lost 2.6 percent in January after just missing its November record of 16,290 points at the beginning of the year. The indices of the US technology exchange Nasdaq just missed the weakest start to the year in their history.
A dealer spoke of solid preliminary quarterly figures with regard to Heidelbergcement. The company exceeded its own forecasts and also the market expectation. The stock rose nearly 3 percent in premarket trading.
Siltronic Feld, on the other hand, lagged behind somewhat. The takeover of the wafer manufacturer by the Taiwanese chip supplier Globalwafers has been approved, but the federal government has not given the necessary approval.
A buy recommendation from the investment house Stifel for Hugo Boss caused the price to rise by almost two percent./bek/jha/