The German stock market showed its friendly side again on Tuesday. After predominantly pleasing quarterly balance sheets from the USA, the Dax increased its gains somewhat in the afternoon and was most recently up 0.77 percent at 15,912.32 points. This brings the 16,000 meter mark within reach. The last time the leading German index was above 16,000 points was at the beginning of last year. The MDax of medium-sized stocks rose by 1.07 percent to 28,135.97 points on Tuesday afternoon and was thus slightly stronger than the Dax. The leading eurozone index, the EuroStoxx 50, rose by almost one percent.
MTU shares rose to their highest level in more than two years. The engine manufacturer exceeded expectations in the first quarter with preliminary figures. The course gained 2.7 percent. Brenntag’s shares gained a good two percent. Here an activist investor is putting pressure on again. Covestro shares rose by almost three percent after Goldman Sachs confirmed its buy recommendation for the paper.
Rising steel prices and the prospect of the Marine Systems division becoming independent are driving Thyssenkrupp’s share price higher. The group’s papers rose by 5.7 percent.
Tui’s shares slipped to a record low, but they limited the losses to 3 percent over the course of the year. According to observers, weak absorption of the new shares from a capital increase by investors is still weighing on the share price here.
The euro traded at $1.0969. The European Central Bank set the reference rate at $1.0981 on Monday. On the bond market, the current yield rose from 2.46 percent on Monday to 2.51 percent. The Rex pension index fell by 0.27 percent to 125.22 points. The Bund future rose 0.13 percent to 133.98 points.
