Aktien Frankfurt: Dax falls before Fed minutes – 14,000-point hurdle still too high news
FRANKFURT (dpa-AFX) – The 14,000 point mark on Wednesday for the Dax (DAX 40) was too high a hurdle. The leading German index was well below that at 13,847.44 points around midday, recording a minus of 0.45 percent. The day before he had at times approached the round mark up to a good 50 points.
The MDAX of medium-sized companies lost 0.57 percent to 27,947.22 points in the middle of the week. The leading eurozone index, the EuroStoxx 50 (EURO STOXX 50), fell by 0.3 percent.
Inflation in Europe remains a stress factor, wrote analyst Christian Henke from Broker IG, referring to the latest data from Great Britain. There, high inflation accelerated again in July. The minutes of the US Federal Reserve’s most recent interest rate meeting are due in the evening. According to the economists at Landesbank Hessen-Thüringen (Helaba), there are likely to be indications of further interest rate hikes.
The ailing energy group Uniper, which has lost billions in the wake of a lack of Russian gas deliveries, is only seeing improvement in the coming years with its half-year figures in mind. In the first six months, Düsseldorf slipped deep into the red. The titles listed in the MDax are down more than seven percent. A trader said the final figures were as disastrous as expected.
Delivery Hero (Delivery Hero) fell by almost two percent in the MDax after its high increase the previous day. A critical report in the “Handelsblatt” on delivery services entitled “The end of the delivery hype” dampened the mood. At the same time, some analysts have now raised their price targets after the company’s recent positive statements on profitability. Other Internet stocks, such as those of the recipe box mailer HelloFresh and the fashion retailer Zalando in the Dax, were also three and a half percent lower.
Real estate values were generally weak amid rising interest rates and high inflation. On the German market, Vonovia (Vonovia SE (ex Deutsche Annington)), TAG Immobilien and Grand City Properties posted price losses of between three and six percent.
Stabilus (Stabilus) gained 2.8 percent, which also brightened the technical chart picture for the shares of the auto supplier. The analysts at JPMorgan see the papers currently listed in the SDAX small-cap index as candidate proposals for the MDAX. Stabilus is still attractively valued, it said.
An investment recommendation that Credit Suisse changed from “Underperform” to “Neutral” for Knorr- Bremse is actually not in the papers of the braking system specialist. They quickly turn negative with the last 1.9 percent./ajx/mis
— By Achim Jüngling, dpa-AFX —