Suche
Mein Konto
Dax under pressure: cautious finale in April
Stocks Frankfurt: Car stocks weigh on Dax. Find out how the German leading indices are developing and which companies are affected. Stay informed about current market events.
Dax under pressure: cautious finale in April
The Dax continued its negative trend on Tuesday after a positive start. The leading German index lost 0.59 percent and was 18,011.04 points. This indicates a loss of around two and a half percent for the month of April. Investors showed restraint in view of many business figures, economic data and before the holiday break as well as the US Federal Reserve's interest rate decision on Wednesday, which led to a decline in the Dax.
Capital market strategist Jürgen Molnar from Robomarkets emphasized that there is stubborn resistance at 18,200 points. This mark could be decisive as to whether investors turn their backs on the stock market in May or whether a continuation of the recovery is possible. Experts see the index as being protected downwards at 17,900 points.
The shares of Mercedes-Benz and Volkswagen recorded price losses of 5.0 and 4.2 percent respectively, placing them at the bottom of the Dax. Both the Swabians and the Wolfsburg-based company recorded weaker than expected business development in the first quarter. The analysts assume that the consensus estimates for the annual operating result will fall.
On the positive side, Vonovia took the lead in the Dax with a further price recovery of 5.3 percent. Germany's largest residential real estate group had an encouraging start to the year and was now able to record a profit again after a loss of billions in the previous year. MTU also recorded a positive share price development of 1.1 percent, as the engine manufacturer continues to expect business records despite the recall of thousands of Airbus engines.
In the MDax, fertilizer manufacturer K recorded a price increase of 2.2 percent, while Morphosys stocks gained 0.8 percent and made up for part of their previous day's losses. The euro was last traded at $1.0700 and the current yield on the bond market rose from 2.57 percent to 2.59 percent. The Bund future lost 0.50 percent.