Dax investors used the price gains from the start of the week on Tuesday for sales. The leading German index slipped below the round mark of 14,000 points in early trading.
Dax investors used the price gains from the start of the week on Tuesday for sales. The leading German index slipped below the round mark of 14,000 points in early trading.
Most recently, it posted a minus of 1.31 percent to 13,990 points. The downward trend since the beginning of January is continuing.
«In one day, the market participants are euphoric and suppress the well-known stress factors. And a short time later the good mood suddenly vanished. The interest rate and recession worries then pull the markets back into the valley of tears », analyst Christian Henke from Broker IG summarized the situation on the stock market.
The MDax for medium-sized companies fell by 1.12 percent to 29,124 points on Tuesday. The Eurozone leading index EuroStoxx 50 lost 1.7 percent.
The President of the European Central Bank (ECB), Christine Lagarde, does not expect the euro zone to drift into recession. The signs in the euro area point to a turnaround in interest rates. As a result, alternatives to shares are growing.
From an economic point of view, the purchasing managers’ indices from the euro zone for manufacturing and services are of interest. A mixed picture emerged for France and Germany.
RWE fell by three and a half percent in the Dax, Uniper by six percent in the MDax end. Market participants referred to a press report about a possible special tax on extraordinarily high profits from electricity producers as a result of the price increase.
About You collapsed by almost twelve percent in the SDax. One retailer was disappointed both by the final annual figures and by the online fashion retailer’s outlook. Adler Group lost almost ten percent after a press report on investigations by the public prosecutor’s office against the real estate group.
According to figures for the first quarter, TAG Immobilien fell by more than four and a half percent. The confirmation of full-year targets and the goodwill write-down of Polish residential real estate developer Robyg should not have come as a surprise, analysts at Barclays wrote. But there is still a lot to do for the rest of the year. The stocks have been in a downtrend since the end of October.
After making a profit at the start of the year, the ticket dealer and concert organizer CTS Eventim is optimistic about a significant recovery from the corona pandemic, but does not dare to make a clear forecast for 2022 despite record ticket sales. The share price fell by more than three percent.
