The recent upward trend on the German stock market is over for the time being. The slight setback from the previous day continued on Thursday. Around noon, the German leading index Dax lost 0.63 percent to 12,660.59 points. The MDax fell only slightly by 0.17 percent to 22,946.40 points.
The recovery momentum on the US stock exchanges had initially come to an end the evening before. In addition, there were new inflation signals from Germany on Thursday. Manufacturer-level price inflation remains at record levels. In September, producer prices rose 45.8 percent year-on-year.
Various international economic data were on the agenda on Thursday, including the sentiment index from the US region of Philadelphia. The earnings season continues to keep investors busy, both in Europe and the US.
Deutsche Börse had already presented quarterly figures after the close of trading the evening before. The papers have now lost 2.7 percent in value, although the stock exchange operator, according to experts, exceeded expectations and has again screwed up its forecast. Investors have already anticipated a lot of good things: This year, the papers are the third largest among only five winners in the Dax.
The Stratec share was boosted particularly significantly by seven percent following a buy recommendation from Hauck
Another winner in the area of generally sought-after armaments stocks were Rheinmetall shares, which rose by 4.7 percent.
In the Dax, two stocks from the healthcare segment made a positive impression: Sartorius climbed to the top of the index in the leading index, just ahead of Siemens Healthineers, with a recovery of 1.9 percent. They showed a small backlash after slipping sharply by 18.5 percent the day before due to very disappointing quarterly figures.
