Published on July 12.07.2021th, XNUMX
The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen
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Frankfurt / Main (dpa) - The Dax barely moved on Monday after the strong gains on Friday. At the start he had made up a few more points, reaching a record high of 15 points in mid-June. But the momentum was lost early. Around noon, the leading index fell by 802 percent to 0,18 points.
The MDax did about better than the Dax, most recently with 0,27 percent plus to 34 points. In contrast, the leading Eurozone index EuroStoxx 873,20 fell by 50 percent to 0,27 points. In New York, just under four hours before the start of trading, the Dow Jones Industrial showed moderate losses.
On the corporate side, there was news from Bayer, from which the shares of the chemical and pharmaceutical company could not benefit. They fell one percent, despite the fact that the drug Finerenone received US approval, which was already expected. The price was still unable to clearly break away from the year’s low. The focus remains on the unresolved US legal dispute over alleged cancer risks from weed killers.
The Volkswagen share, on the other hand, is on a better path, with a further 1,2 percent recovery from its low since mid-March. Thanks to strong key data, they were already up by six percent on Friday. After the stock market closed, VW CEO Herbert Diess also received a new contract until autumn 2025. According to a stockbroker, this means that some uncertainty about the future management of the company has given way to the share.
The trend was very different for other auto stocks. Daimler were among the biggest Dax losers on Monday with 1,8 percent, while the BMW titles fell 0,4 percent. Because of the global delivery bottlenecks for semiconductors, Daimler again suspended production at the Sindelfingen plant. In this regard, Volkswagen was able to score, the shortage of chips had surprisingly little influence on the Wolfsburg-based half-year figures.
Among the DAX values - as across Europe - the energy values were in greater demand. RWE's paper advanced 1,8 percent, while Siemens Energy's paper rose 1,4 percent and Eon gained 0,7 percent. For Siemens Energy, the British bank HSBC raised the price target to 38 euros, which would be almost 50 percent more than at present.
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