Ultimately, the DAX lost 0.22 percent to 18,726.76 points. Last week it reached a record high of just under 19,000 points. Since the beginning of the year, the index has increased by more than 11 percent. The MDax of medium-sized stocks closed 1.13 percent lower at 27,172.36 points.
Things also went down on the other European stock exchanges. The EuroStoxx 50, the leading barometer for the euro zone, lost 0.5 percent. In Paris the decline was a little more pronounced, while the London FTSE 100 lost only a little. The US leading index Dow Jones Industrial was around half a percent in the red at the close of trading in Europe.
more details
Investors also exercised restraint with a view to the chip giant Nvidia’s quarterly balance sheet due on Wednesday evening. The trendsetter in artificial intelligence is worth $2.3 trillion on the stock market. Given the high expectations in the market, strategist Jürgen Molnar from Robomarkets identified “a lot of potential for disappointment.
Among the standard stocks, the price fluctuations were mostly manageable. The shares of chip manufacturer Infineon were at the bottom of the list, down 3.1 percent. In the MDax, shares of chip supplier Aixtron were also weak, down 4.3 percent.
The weakest MDax value was the papers of the online pharmacy Redcare Pharmacy, which fell by 11 percent and fell to its lowest level since September 2023. In its initial assessment of the shares, the Swiss bank UBS recommended selling. The reason given is that growth impulses from the electronic prescription are now priced into the price.
Kontron shares gained 2.3 percent. The computer technology manufacturer has received an order from a large car manufacturer for intelligent charging stations for electric cars. In a first step, the order volume is at least 200 million euros.
The euro last cost 1.0853 US dollars. The European Central Bank set the reference rate at $1.0864 in the afternoon.
On the bond market, the current yield fell from 2.58 percent on Monday to 2.57 percent. The Rex bond index rose by 0.02 percent to 124.28 points. The Bund future rose by 0.17 percent to 130.81 points.
