Thanks to positive US impulses, the Dax made up for its significant loss from the previous day on Friday. He increased his profit during trading and closed 1.36 percent higher at 18,161.01 points. After three weeks of losses, the German leading index recorded a weekly increase of 2.4 percent. The MDax of medium-sized stock exchange companies ended the day with an increase of 0.51 percent to 26,175.48 points.
Already on Thursday after the US stock market closed, the business figures of two tech heavyweights had created a good mood. “After the strong quarterly reports from Alphabet and Microsoft, the disappointment about the meta outlook has been forgotten,” wrote portfolio manager Thomas Altmann from QC Partners. “The sharp correction that occurred in the meantime is a thing of the past.” In any case, noticeably high trading turnover suggests that the new correction was used by many people to buy more.
Robert Halver from Baader Bank advises investors to continue to take action in the event of setbacks. Because “on the whole, the negative points on the stock markets are known and are not dramatized.”
European and American trading venues also benefited from this on Friday. The Eurozone leading index EuroStoxx 50 ended the weekend 1.4 percent stronger. In Paris and London the price boards also showed profits. The technology-heavy US index Nasdaq 100 even rose by 1.6 percent, whereas the leading index Dow Jones Industrial, which is dominated by traditional sectors, only achieved a moderate increase.
Flatexdegiro stood out on the German market with a price jump of 22 percent, which meant it took the top spot in the SDax small cap index. The online broker is becoming a little more optimistic after a strong start to the year. The increase in sales and profits is now expected to be at the upper end of the forecast range.
Thyssenkrupp was one of the biggest winners in the MDax with a plus of 6.2 percent. Shares were buoyed by the emerging solution to the steel business. The group reached an agreement with the Czech billionaire Daniel Kretinsky that his EPCG holding company would initially take over 20 percent of the Thyssenkrupp Steel Europe division. Negotiations are also underway to take over a further 30 percent of the steel business. The aim is still to form a joint venture in which both partners each hold 50 percent.
The stocks of the wafer manufacturer Siltronic almost completely made up for the eleven percent price slide caused by a forecast reduction. In the end they still lost 0.9 percent. In addition to bargain hunters, positive sentiment in the broad technology sector supported.
At the end of the MDax, Delivery Hero shares fell by 16 percent. Concerns about competition in Saudi Arabia weighed on here following reports from the Bloomberg news agency about Chinese Meituan entering the market.
The euro was last traded at $1.0686. The European Central Bank had set the reference rate at $1.0714. On the bond market, the current yield rose from 2.61 percent the day before to 2.64 percent. The Rex bond index fell by 0.23 percent to 123.71 points. The Bund future gained 0.42 percent to 130.24 points.
