The German stock market posted gains on Tuesday. However, the Dax did not get past its previous day’s high of 13,378 points. Around noon, the leading German index was still 0.66 percent higher at 13,273 points.
The German stock market posted gains on Tuesday. However, the Dax did not get past its previous day’s high of 13,378 points. Around noon, the leading German index was still 0.66 percent higher at 13,273 points.
Easing of the quarantine regulations in China against the corona virus supported the courses somewhat.
The MDax for medium-sized stocks recently increased by 0.7 percent to 27,343 points. The leading eurozone index, the EuroStoxx 50, rose by 0.8 percent.
Statements by central bank representatives made people sit up and take notice. According to Martins Kazaks, Governing Council member of the European Central Bank, a larger rate hike of 0.5 points should be considered in July. This statement temporarily let the price gains melt away a little in the morning. In addition, ECB President Christine Lagarde said the central bank could increase the pace of normalizing monetary policy in the face of inflation.
Aviation stocks were in demand amid China’s lockdown and revived tourism. In addition, JPMorgan analyst David Perry referred to forecasts by the umbrella organization of airlines, which appeared optimistic. According to Perry, if the easing of the pandemic in Asia goes faster than expected, aviation suppliers could raise their profit forecasts.
In the Dax, MTU gained 2.7 percent and Airbus 1.9 percent. In the MDax, Fraport rose by 2 percent and Lufthansa by 2.3 percent. In view of a sharp increase in ticket demand, Lufthansa is also putting the Airbus A380 wide-body jet back into operation.
