Concerns about interest rates also weighed on the German stock market in the middle of the week. In the first hour of trading, the Dax fell by 0.64 percent to 15,298.55 points. The leading German index thus followed the price developments in the USA and Asia. The MDax lost 0.88 percent to 28,457.11 points, and the leading euro zone index, the EuroStoxx 50, fell by 0.73 percent to 4,219.18 points.
“Anxiety about interest rates is spoiling market sentiment,” is how the experts at the Swiss bank Credit Suisse summarized market activity. In view of the development of interest rates, some investors may be tempted to take the double-digit percentage price gains on the European stock market since the beginning of the year and switch them to bonds.
In addition to company news in the morning, the Ifo business climate is also on the agenda in Frankfurt. The minutes of the most recent meeting of the US Federal Reserve will only be published after the stock market close here.
In the Dax, the price development of Fresenius and Fresenius Medical Care (FMC) differed greatly: While the shares of the clinic and medical technology company slipped to the end of the index with minus 6.4 percent according to figures and statements on the future group structure, the 7.5 percent firmer titles conquered the dialysis subsidiary FMC took the top spot.
Telefonica Germany (O2) also presented figures. For the first time in ten years, the subsidiary of the Spanish telecom group Telefonica made a substantial profit from its own resources, which it attributed to billions in investments over the past three years and the resulting customer growth. For 2023, however, the O2 board expects slower growth.
Meanwhile, ProSiebenSat.1 made headlines with a new major shareholder – only a minimal price drop was enough for the shares to be one of the top MDax places. Renata Kellnerova, including financial instruments, has a 9.1 percent stake, as the television company announced.
