The Dax expanded its moderate gains from the previous day on Wednesday. Support comes from Wall Street. There, the Dow Jones Industrial is expected to make further gains after a small plus the day before.
The leading German index increased by 0.27 percent to 15,696.78 points at lunchtime. The MDax of medium-sized stock market stocks rose by 0.07 percent to 27,469.83 points at noon.
Market traders are eagerly awaiting the US consumer prices for March, which will be published in the early afternoon German time.
In the Dax, the shares of Merck KGaA and Daimler Truck attracted attention at the end and start of the index. There was bad news from the drug and specialty chemicals manufacturer Merck: The US Food and Drug Administration (FDA) suspended the admission of new patients for therapy with the multiple sclerosis drug evobrutinib as part of the final clinical trial of the drug. The reason is a suspicion of liver damage. After three friendly trading days, the papers fell to their lowest level since October. Most recently, they gave way by six and a half percent.
The shares of the truck and bus manufacturer Daimler Truck, on the other hand, benefited with plus three and a half percent from a strong first quarter of the competitor Volvo. In the SDax, the shares of Traton, VW’s truck holding company, rose by a little more than six percent as a favorite. According to the Canadian bank RBC, the Swedes’ adjusted operating profit was 46 percent above the average analyst estimate.
The carmaker Mercedes-Benz sold more cars at the beginning of the year and benefited above all from strong demand for expensive luxury models and electric cars. The papers rose by almost one percent.
Aroundtown gained a good four percent at the top of the MDax. The major French bank Societe Generale canceled its sell recommendation for the share and now even recommends buying it.
