Investors ventured into the German stock market again on Wednesday. The Dax was 0.51 percent higher in the morning at 15,218.54 points. Despite the profits, observers do not want to identify a major urge for stock investments. After the course turbulence in the banking sector in the past week and the uncertainty about the course of the central banks, many market participants were waiting, it was said.
Data on consumer confidence gave investors some reason for optimism: In Germany, the consumer climate has recently continued to improve thanks to positive income expectations, albeit at a low level. Preliminary inflation data, due out on Thursday, are now being eagerly awaited.
The MDax of medium-sized stock market stocks was up 0.15 percent in the morning at 26,601.77 points. The Eurozone leading index EuroStoxx 50 went up 0.76 percent to 4200.02 points.
In the Dax, the shares of the semiconductor manufacturer Infineon secured the top spot by a wide margin. After an increase in sales and earnings forecasts, they recently rose by 7.7 percent. According to market observers, statements by the US chip manufacturer Micron fit into the positive picture. This signaled that the worst times for the industry are probably over. The entire technology sector in Europe was in demand. In the MDax, for example, the papers of the semiconductor supplier Aixtron rose by 2.6 percent.
According to a retailer, a convincing quarterly report and outlook from the sporting goods manufacturer Lululemon also supported the prices of Adidas and Puma, each with a premium of more than one percent.
The fact that the Kuwaiti state is selling a good quarter of its Mercedes-Benz shares put the carmaker’s papers under pressure. They lost 2.3 percent at the end of the Dax.
