The Dax has stayed above the 15,700 point mark. Support comes from overseas. In the USA, the Dow Jones Industrial Wall Street index, which often sets the pace, closed on Wednesday after four good trading days in a row with little change. Strong March export data came out of China this morning.
In early trading, the leading German index gained 0.10 percent to 15,720.02 points. The day before, after a surprisingly sharp drop in US consumer prices, the Dax had risen above the 15,800 mark to its highest level since the beginning of 2022. In the further course of trading, however, most of the profits were then given up. The MDax of medium-sized stocks rose by 0.40 percent to 27,449.51 points. The Eurozone leading index EuroStoxx 50 gained 0.40 percent to 4351.08 points.
The initial jobless claims in the USA, which are due in the afternoon alongside producer prices, could cause movement on the stock exchanges.
Among the individual values in the Dax, the shares of the flavor and fragrance manufacturer Symrise were among the top values with a plus of 2.2 percent. Excluding negative exchange rate effects and takeovers, the Swiss competitor Givaudan achieved higher sales growth in the first quarter than in the final quarter of 2022.
Brand manufacturers such as Adidas in the Dax and Puma and Hugo Boss in the MDax in turn benefited from the strong sales figures of the luxury goods group LVMH. They rose between 0.7 and 1.5 percent. After a record year in 2022, he reported on a brilliant start to the new year on Wednesday evening.
Knorr- Bremse, on the other hand, fell by 0.8 percent. Societe Generale analyst Daniel Cunliffe withdrew his buy recommendation. He now only rates the shares of the manufacturer of braking systems for rail and commercial vehicles with “Hold” and cut the price target significantly from 105 to 65 euros.
Baywa took the lead in the SDax with a plus of 3.2 percent. The shares of the agricultural trader and green electricity company benefited from a buy recommendation from Warburg Research. Baywa is changing from a photovoltaic dealer to a provider of renewable energies, wrote analyst Oliver Schwarz, referring to the planned sale of the international solar trading business.
