Dax with out weak point on the finish of a powerful quarter | EUROtoday

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AOn the final buying and selling day of the shortened Holy Week, the Dax stays close to its report excessive. Around noon, the main German index gained 0.12 p.c to 18,498.62 factors. It had closed the final seven buying and selling days within the black. His report from the day before today of 18,511 factors is inside attain.

There are at the moment indicators of a achieve of 4.6 p.c for the month of March, and a rise of 10.4 p.c for the primary quarter. Expectations of imminent rate of interest cuts within the Eurozone and the USA, the place the economic system is in sturdy form, are the important thing causes for rising costs. In current days, increasingly buyers have jumped on board in order to not miss the bull market. There has been no profit-taking thus far.

The M-Dax of medium-sized firms was quoted virtually unchanged in share phrases at 27,090.26 factors on Maundy Thursday. The Eurozone main index Euro Stoxx 50 rose by 0.4 p.c. There is not any buying and selling in Germany on Good Friday and Easter Monday as a result of public holidays. The US inventory exchanges will report again from the Easter break on Monday.

In the DAX on Thursday, DHL Group was in final place with a reduction of 1.5 p.c. For the primary time since 2017, Deutsche Bank eliminated its buy suggestion for the logistics firm's shares. As the perfect index worth, the shares of the pharmaceutical and chemical group Merck KGaA continued their upward pattern with a plus of two.2 p.c.

There had been figures from Jungheinrich from the M-Dax. After a powerful final yr, the forklift producer is trying optimistically in direction of the present and coming yr. The shares gained two p.c.

Energiekontor's shares recorded worth losses of just about ten p.c within the S-Dax of the smaller shares. After a report yr, the wind and photo voltaic park operator expects falling outcomes for 2024. The outlook from the diagnostics specialist Stratec was additionally not properly acquired, with shares shedding 9 p.c.