The Dax did not find its way back to success on Thursday either. In the course of trading, the leading German index almost caught up on its daily losses at 14,251.17 points or minus 0.07 percent. The signs of further stabilization on the US stock exchanges served as course support.
The MDax for medium-sized companies gained 0.44 percent to 25,373.31 points. The leading eurozone index, the EuroStoxx 50, was practically stationary.
German company news was scarce on Thursday. Price-moving analyst comments were also rare – apart from a downgrade of BMW by Bank of America (Bofa). The BMW papers were then at the bottom of the Dax with minus two percent.
Bofa analyst Horst Schneider now rates the Munich car manufacturer as one of the least attractive values in the industry. For 2023 he relies primarily on Mercedes-Benz, Volkswagen (VW) and Renault. The share certificates of the Stuttgart and Wolfsburg competitors held up significantly better than the BMW titles with price losses of 0.2 and a half percent.
The euro moved little from the spot and most recently cost 1.0516 US dollars. On Wednesday, the ECB set the reference rate at $1.0529.
On the bond market, the current yield fell from 1.75 percent on the previous day to 1.73 percent. The Rex pension index rose by 0.13 percent to 129.34 points. The Bund future fell 0.43 percent to 141.92 points.
