After the previous day’s losses, the German stock market recovered on Tuesday. The Dax was up 0.27 percent at 16,696 points around midday. With his record hunt in the first half of December, he had already achieved a solid lead. The MDax of medium-sized corporate stocks gained 0.73 percent to 27,102 points on Tuesday afternoon. The Eurozone leading index EuroStoxx 50 rose by around 0.2 percent.
Among the individual stocks, Covestro shares are in the focus of investors with a price premium of 2.1 percent. According to sources, the state-owned oil company Abu Dhabi National Oil (Adnoc) wants to improve its informal bid for the chemical company. There is still speculation at 60 euros per share.
Bayer suffered a defeat in the USA in a legal dispute over the alleged health effects of the chemical PCB, which has been banned for decades. A jury awarded $857 million in damages to former students and parents of a Seattle-area school. The plaintiffs blame the environmental toxin PCB from the US manufacturer Monsanto, which was taken over by Bayer in 2018, for their illnesses. However, investors took the jury’s verdict calmly: the shares, which had recently been badly hit, were up 0.3 percent.
Siemens is further reducing its stake in Siemens Energy as announced. As a result, the stake in Siemens Energy AG falls to 17.1 percent. Siemens shares rose by 2.3 percent, while Siemens Energy shares stagnated.
Thyssenkrupp Nucera shares continued their recent price rally at an accelerated pace and climbed to their highest level since the beginning of October. Most recently they were 11 percent higher. The electrolysis specialist wants to benefit greatly from the increasing global demand for climate-neutrally produced hydrogen in the coming years.
