Suche
Mein Konto
Dax conquers over 18,000 points: Positive quarterly reports boost the leading index
Dax rises over 18,000 points: quarterly reports strengthen the leading German index. Positive signals from companies such as SAP, Munich Re and Merck KGaA are driving the market. EuroStoxx 50 and Dow Jones also up. Euro exchange rate at 1.0696 US dollars. Bond market relatively stable.
Dax conquers over 18,000 points: Positive quarterly reports boost the leading index
The companies' quarterly reporting season pushed the Dax above the 18,000 point mark on Tuesday, thanks to positive signals. Analysts comment that the stock market's decline may have stopped before it could really gain momentum. Heavyweights such as SAP, Munich Re as well as positive news from the USA for Merck KGaA and Sartorius contributed to this increase.
The leading German index closed up 1.55 percent at 18,137.65 points, continuing the recovery from the previous day. Nevertheless, it is still well below the record high of 18,567 points at the beginning of the month. The MDax also rose by 1.28 percent to 26,625.02 points.
Prices also rose in Europe and the USA. The EuroStoxx 50 closed 1.4 percent higher, while Paris and London also posted gains. In the USA, the Dow Jones Industrial rose by around half a percent at the European market close, while the Nasdaq 100 rose more sharply.
SAP opened the German reporting season on a positive note, resulting in a share price recovery of 5.3 percent. Munich Re was also pleased with a share price increase of 3.9 percent. Merck KGaA and Sartorius also posted gains, helped by strong first-quarter earnings from US firm Danaher.
In the MDax, Delivery Hero and Aixtron were in demand for analyst recommendations, with price gains of 5.8 and 5.4 percent, respectively. The euro traded at $1.0696, while the current yield on the bond market fell to 2.53 percent from 2.57 percent. The bond index rose by 0.25 percent, while the Bund future fell by 0.13 percent to 131.03 points.