Frankfurt am Main (dpa) – At the end of a volatile week, US economic data dampened investor sentiment somewhat. With light trading volume, the Dax managed to stabilize overall after a weak previous day, although it turned negative again in the afternoon and fell slightly. However, the main German index remained close to the important 14,000 mark. More recently, it was down slightly at 13,903 points.
The MDax of midsize companies rose 0.66% to 25,271.06 points. The leading Eurozone index EuroStoxx 50 fell by 0.21%.
On the corporate side, the bargain hunters grabbed the year’s big losers. Dialysis supplier Fresenius Medical Care (FMC), automotive supplier and tire maker Continental, and laboratory supplier Sartorius were in particular demand with premiums of up to two percent.
Online fashion retailer Zalando’s newspapers lead the main index with an increase of more than three percent. However, the price has lost nearly 54 percent this year, more than any other share in the Dax. At the end of the Dax there were mainly defensive stocks: Deutsche Börse, Deutsche Telekom and reinsurers, but losses were limited to 0.8%.
In the afternoon, the Euro held its position at $1.0612, above the recently much noticed $1.06 handle. The European Central Bank set its key rate at $1.0633 on Thursday.
On the bond market, the current yield rose from 2.30% the previous day to 2.36%. The Rex pension index fell 0.28% to 126.15 points. The Bund future lost 0.29% to 134.98 points.
© dpa-infocom, dpa:221222-99-990124/13
