Electricity package and company figures drive stock markets - market report from a financial expert's perspective

Electricity package and company figures drive stock markets - market report from a financial expert's perspective

According to a report by www.boersen-zeitung.de An electricity package from the federal government and positive company figures caused price gains on the European stock markets. The Dax gained 0.8%, the MDax gained 1.7% and the Euro Stoxx 50 improved by 1.2%.

The good company figures had a positive impact on the market. Merck gained 3.9%, Henkel preferences rose 3.5%, and Deutsche Telekom increased its full-year forecast after positive quarterly figures, leading to a 0.9% increase in the T share. The electricity package also caused price gains, especially for BASF, which rose by 2.1%. Airbus, on the other hand, recorded a decline of 2% after disappointing figures.

In the MDax, Ströer rose by 10.9% after a strong quarter, and Fielmann surprised with a significant increase in sales and profits, which led to an increase in the share price by 7.6%.

The oil price remained at a reduced level at $80.17 per barrel of Brent crude, while the yield on ten-year federal bonds rose slightly to 2.66%. The euro was little changed and was at $1.0705.

The positive developments on the stock markets therefore resulted from a combination of positive regulatory measures and strong corporate results. These factors are expected to continue to influence the market and could result in continued share price gains.