The Dax investors coped well with the recent negative news from monetary policy on Wednesday. The leading German index again reached the round mark of 14,000 points in the morning, around noon it was slightly below it with a plus of 0.66 percent to 13,976.32 points. This means that the losses from the previous day have been ironed out.
On Tuesday, measures by the central bank of Japan, which the market saw as a tightening of the monetary policy reins, had a negative impact. The markets are particularly sensitive to interest rate policy signals this year. Only last week did the central banks of the USA and the euro zone upset investors with hints that interest rate hikes would probably take a little longer.
For the MDax of medium-sized stocks, it went up 1.39 percent to 25,309.54 points in the middle of the week. The leading eurozone index, the EuroStoxx 50, rose by 0.9 percent.
Adidas and Puma in particular and, to a lesser extent, Deutsche Post were moved by the specifications of their US competitors. Business at Nike, the world’s largest sporting goods manufacturer, is going well despite global inflation and recession concerns. This had a positive effect on the prices of Adidas and Puma with a plus of more than seven and more than eight percent respectively. According to quarterly figures from the US logistics group Fedex, Deutsche Post gained 1.2 percent.
Brenntag continued to recover with an increase of almost one and a half percent. From the point of view of UBS expert Rory McKenzie, the chemicals trader’s valuation is now too pessimistic after the recent slide in prices, and earnings risks are too high.
After a surprisingly good annual balance sheet, the copper and recycling group Aurubis wants to invest a lot of money in expanding its business. The shareholders are to receive a dividend of EUR 1.80 per share for the past financial year – 20 cents more than a year earlier and more than ever before. However, analysts had expected an even higher payout. The titles recovered from their high losses in early trading by recently rising by 1.5 percent.
