After a first half of the year marked by high losses, the Dax also started the second half of the year weakly. In early Friday trading, however, the German leading index managed to almost completely contain the minus at the last 12,779 points. The MDax of medium-sized stocks gained 0.14 percent to 25,859 points. The Eurozone leading index EuroStoxx 50 fell by 0.3 percent.
After a first half of the year marked by high losses, the Dax also started the second half of the year weakly. In early Friday trading, however, the German leading index managed to almost completely contain the minus at the last 12,779 points. The MDax of medium-sized stocks gained 0.14 percent to 25,859 points. The Eurozone leading index EuroStoxx 50 fell by 0.3 percent.
“Recession concerns have the financial markets firmly in their grip. The high inflation rates and hawkish comments from various central bankers are keeping interest rate hikes high and with them economic worries,” Commerzbank said in the morning. The gas supply crisis as a result of the reduced deliveries from Russia is also causing increasing problems for investors in this country.
The shares of Grand City Properties, which have recently fallen to their lowest level since the beginning of 2015, were able to recover somewhat with a plus of 1.9 percent. Real estate stocks in general are currently still under strong pressure due to rising interest rates, which are making financing more expensive.
Bilfinger shares increased by 3.7 percent. Deutsche Bank started the rating with “Buy”. After its restructuring, the industrial service provider is about to enter a new phase of growth, it said. DWS went further down, by 1.5 percent. Citigroup canceled the purchase vote for the fund company’s shares.
The weakness in the technology sector continued. In the Dax, this was reflected in the shares of Infineon with a discount of 3.2 percent and in the MDax with Aixtron with minus 4.9 percent.
