Stock exchange in Frankfurt: Dax with profits – perspectives are brightening

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    On Friday, the Dax slightly expanded its gains from the previous day’s strong holiday trading. In the first hour of trading, the leading German index rose by 0.23 percent to 14,263 points.

    On Friday, the Dax slightly expanded its gains from the previous day’s strong holiday trading. In the first hour of trading, the leading German index rose by 0.23 percent to 14,263 points.

    The MDax for medium-sized companies rose by 0.15 percent to 29,474 points. The Eurozone leading index EuroStoxx 50 advanced by 0.4 percent.

    The recovery on the US stock exchange had continued the day before, with the technology stocks on the Nasdaq in particular being able to expand their price gains after the end of European trading. Investors welcomed the signals from the US Federal Reserve that it would not tighten monetary policy more than expected, according to market observers at Credit Suisse.

    In addition, there have recently been some positive signals from retail companies such as the Internet giant Alibaba, after the reporting season had caused concerns about consumer sentiment in some cases.

    Infineon, Siemens and SAP were ahead in the Dax on Friday with price increases of up to 1.4 percent. Rheinmetall gained more than two percent in the MDax.

    In addition, some reclassifications moved the courses. Henkel’s shares fell by 1.1 percent. The analyst firm Jefferies dropped the buy recommendation. After another warning, the consumer goods maker offers the worst earnings outlook for 2022 of any stock it monitors, analyst Martin Deboo wrote.

    Ströer has been downgraded from “Overweight” to “Neutral” by JPMorgan. The shares of the outdoor advertising specialist fell by almost four percent. In the current uncertain economic environment, advertising budgets are being drained quickly, wrote analyst Marcus Diebel.

    The expert is even more cautious about Auto1 and now votes “underweight” here. Auto1 is in a bad position in Diebel’s industry table: Few conceivable takeover prospects, operational profitability probably only in 2024 and high cash consumption. Auto1 lost more than five percent on Friday so far.