Suche
Mein Konto
Dax starts cautiously after the holiday break
The DAX returns after the holiday break and the Fed holds off interest rate cuts. Read all the details about the current stock market movements and analyst opinions.
Dax starts cautiously after the holiday break
The Dax returned from the holiday break with hardly any movement on Thursday. Over the course of the morning, the leading index fluctuated within a relatively narrow range around its previous day's level. Around midday it was up just 0.03 percent at 17,938.17 points. At the same time, the MDax with the medium-sized German stock exchange companies fell by 0.19 percent to 26,215.16 points. The Eurozone leading index EuroStoxx 50 lost 0.4 percent.
The focus on the first trading day in May was on reviewing the interest rate decision in the USA and the preview of the US labor market report on Friday. Jerome Powell, the head of the US Federal Reserve, dampened hopes of interest rate cuts and expressed concerns about inflation. UBS continues to expect the Fed to begin cutting interest rates in September, even as Powell noted the uncertain trajectory of U.S. inflation.
Investors missed buying arguments because the uncertain situation offered no security. The mood in industry in the euro area deteriorated again in April. In DAX trading, the 50-day average line remained under scrutiny. Bayer shares jumped due to a legal victory in the USA. Scout24 and Hugo Boss recorded profits and losses, respectively, in the first quarter.
Analysts' opinions moved the shares of Lufthansa and Fielmann. Lufthansa gained two percent after Bernstein Research abandoned the negative vote. Fielmann rose by almost six percent after a buy recommendation from private bank Hauck Aufhäuser. Borussia Dortmund recorded a four percent increase after beating Paris Saint-Germain in the Champions League.