The Dax weakened slightly on Wednesday after testing the 14,000 point mark. Trading was calm due to the lack of momentum. Important economic data and company news are not on the agenda. Data from the US real estate market will only be released in the afternoon. Since many investors are on Christmas vacation, stock market turnover is also likely to remain weak into the new year.
At lunchtime, the leading German index fell by 0.11 percent to 13,979.63 points, while the MDax for medium-sized companies fell by 0.06 percent to 25,269.99 points.
Among the individual values, Rheinmetall stood out in the MDax with a plus of 1.7 percent. The armaments group and automotive supplier landed an order in the refrigerant compressor business with a volume of over 770 million euros. According to the group, this is the largest single order that the non-military sector outside of the classic automotive business has received to date.
In the leading index, Infineon shares fell by 1.1 percent after an interview by the “Frankfurter Allgemeine Zeitung” with the CEO of the semiconductor manufacturer. According to Jochen Hanebeck, Infineon is ready for larger acquisitions worth several billion euros.
The papers of Deutsche Telekom increased by 0.4 percent. Analyst Mathieu Robilliard from the British investment bank Barclays had raised his target price from EUR 23.50 to EUR 25.00 and reiterated his “overweight” investment rating. The main reason for the target increase was that he had postponed the evaluation period for the telecom group further into the future.
