On Tuesday after the long weekend, the Dax reached the round mark of 16,000 points for the first time since January 2022. The leading index then fell below it again and was last listed almost unchanged at 15,926.16 points. Against the background of the upcoming central bank appointments, it should be the greater challenge for the Dax to maintain the 16,000 points in the shortened trading week, explained capital market strategist Jürgen Molnar from the broker Robomarkets.
On Friday, the Dax had already gone out of trading with an annual high. In doing so, he set an exclamation mark, especially since the listings were able to increase both on a weekly basis and in April as a whole, according to the chart technology experts at UBS.
The MDax of medium-sized stocks fell in early Tuesday trading by 0.11 percent to 27,824.13 points. The leading eurozone index, the EuroStoxx 50, fell by around 0.1 percent.
At the start of the week in New York, where trading took place on May 1st, weak economic data from China and mostly positive data from the USA did not provide a clear direction. The takeover of the ailing First Republic Bank by the major bank JPMorgan met with a largely positive response on the market.
Interest rate decisions are due in the US on Wednesday and in the euro zone on Thursday. The US Federal Reserve should again be content with 0.25 percentage points. The European Central Bank (ECB) could shift down a gear, even as some council members tried to bank another big 0.5 percentage point rate hike.
The planned takeover of Software AG continues to be a focus on the German market. There will probably be a bidding competition here, as the financial investor Bain Capital has now built up a stake of more than ten percent. In the previous week, the US investor Silver Lake announced that it wanted to take over Software AG at a price of EUR 30 per share in cash. On Monday, Software AG was listed more than five percent higher at EUR 32.50.
A buy recommendation from Deutsche Bank for shares in SGL Carbon boosted the stocks of the carbon specialist. The course rose by more than eight percent.
After a strong first quarter, the drug mail-order company Shop Apotheke sees itself well on the way to its annual targets. The final quarterly figures were better than analysts had expected. Recently, however, the papers gave way moderately and paid tribute to their rally since the beginning of the year. It was only on Friday that they had reached their highest level since the beginning of August 2022.
The auto supplier Stabilus benefited in the second fiscal quarter from picking up auto production in Europe and good industrial business in North America. However, some analysts had expected an even better performance. The annual forecasts confirmed the Koblenz. The papers lost almost four percent.
In the Dax, the papers of the pharmaceutical and chemical groups Merck KGaA and Bayer are traded with a dividend discount on Tuesday, so price losses here are primarily of a visual nature.
The best value in the leading index in the morning was the shares of the chip group Infineon with plus 2.8 percent. They benefited from good industry specifications from the USA.
