Frankfurt stocks: No clear direction after recent records

FRANKFURT (dpa-AFX) - After its record the day before, the Dax Hardly done on Wednesday with a clear direction. Around noon, the leading index was 0,15 percent higher to 15 591,14 points. On Tuesday it rose to a record high of 15 points, but then surrendered part of the profits - also because Wall Street was the strength of European stock marketn had not included.

Market experts are now wondering whether the high price level entices investors to take profits or whether they encourage further purchases. The mood on the floor remains optimistic, but by no means euphoric, said analyst Jochen Stanzl from the trading house CMC Markets. The majority of investors are still cautious about their investment decisions, and the willingness to take profits after the month-long rally remains high.

In contrast to the Dax, the MDax succeeded Another record in early trading on Wednesday. But then the index of medium-sized companies also ran out of breath, at last the percentage was barely changed at 33 555,93 points. The leading Eurozone index EuroStoxx 50 gained 0,1 percent.

In the Dax, the advantages of Volkswagen set the best value their rally continued with a plus of 2,9 percent. Fixed auto values ​​had already driven the index the day before.

Beiersdorf advanced by 2,8 percent at the top of the MDax. Berenberg Bank recommends buying paper and sees the Hamburg-based consumer goods manufacturer as having the greatest restructuring potential in the household and personal care product sector.

Teamviewer could not benefit from numbers from the US video conferencing service Zoom, which were better than expected by analysts. They lost 1,6 percent. Like Zoom, Teamviewer is considered to have benefited from the corona pandemic, but Teamviewer shares have only developed below average in recent months.

Various shareholders of the online used car dealer Auto1 placed around 9,7 million shares at 41 euros each with professional investors overnight. The shares lost almost eight percent and were in the SDax small cap index in last place./ajx/fba
- By Achim Jüngling, dpa-AFX -