Aktien Frankfurt: Dax decreases plus according to ZEW data | news
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FRANKFURT (dpa-AFX) – After a strong start to the week, the recovery on the German stock market continued on Tuesday. Support came from the Bank of England, which is reportedly planning to delay sales of government bonds in a bid to calm the market. In an initial reaction, however, the central bank described the report as “inaccurate”. Fresh economic data from Germany had a slightly negative impact on prices. The latest results from the Center for European Economic Research (ZEW) are mixed.
The Dax (DAX 40) was still 1.0 percent higher at 12,776 points around noon, after having reached its highest level in around four weeks in the morning and having come very close to the 50-day line. It is regarded as an indicator of the medium-term trend. The MDAX of medium-sized German companies recently gained 1.2 percent to 23,248 points. The eurozone leading index EuroStoxx 50 (EURO STOXX 50) rose by 0.9 percent.
The economic expectations of German financial experts have brightened somewhat from a low level. The ZEW sentiment barometer developed less negatively in October than analysts had expected. The assessment of the economic situation, however, fell more sharply than forecast. ZEW President Achim Wambach commented that the probability of a decline in real gross domestic product over the next six months has increased significantly. “All in all, the economic outlook has deteriorated again.”
The energy supplier stocks RWE, Eon (EON SE) and Uniper benefited from the news that the remaining three German nuclear power plants can continue to operate until mid-April next year at the latest. Chancellor Olaf Scholz decided that. The RWE papers rose by 1.1 percent. Eon shares rose by 1.3 percent and those of Uniper by 1.8 percent.
The shares of Pfeiffer Vacuum increased by 10.7 percent as the clear leader in the SDAX. After a record nine months, the vacuum pump manufacturer is more optimistic about 2022. In terms of sales, looking at the year to date, sales of between 860 and 880 million euros can be expected. This is above the previous average analyst forecast of 830 million euros.
The shares of Nagarro (Nagarro SE) climbed by 4.4 percent after the IT service provider’s annual targets were raised again. This made them the second strongest value in the SDax. Nagarro increased the sales forecast for 2022 from 800 to 830 million euros. Of this, before interest, taxes, depreciation and amortization (Ebitda) and adjusted for special effects, 15 instead of 14 percent should now remain. The board’s new expectations are now slightly higher than those of the analysts./edh/mis
— By Eduard Holetic, dpa-AFX —