Dax and S-Dax: Which stocks keep investors in suspense today

Before the eagerly anticipated US labor market data, the Dax barely moved on Friday.

The leading German index was just slightly up at 15,756 points.

Analysts predict 870,000 non-farm jobs will be created in July.

The numbers from the private US employment agency ADP disappointed on Wednesday.

Investors hope that the job data will provide an indication of the further course of US monetary policy.

The Federal Reserve wants to continue injecting $ 120 billion a month in cash until noticeable further progress has been made on the way to full employment and price stability.

Allianz wants to buy back its own shares

Allianz shares were among the biggest winners, up 2.8 percent.

Europe's largest insurance group is aiming for a record profit this year.

Allianz also announced a lucrative program for investors to buy back its own shares.

On the losing side were the stocks of Deutsche Bank and Continental, which were each a good one percent cheaper.

HelloFresh was unable to score in the M-Dax despite a jump in sales in the second quarter.

The shares of the Kochboxversender lost 8.7 percent to 71.24 euros and thus fell to their lowest level in two and a half months.

In the S-Dax, the papers of the media company RTL took the lead after a record result for the first half of the year.

The shares of the station group gain up to 5.6 percent to 49.80 euros.

RTL not only reports good business figures, but also announced that the broadcasting group in Germany and the Hamburg publishing house Gruner + Jahr will be merged.

"The last offer"

The struggle to take over Vonovia's competitor Deutsche Wohnen, for which the industry leader Vonovia does not want to make any more money, remains exciting. "That is the last offer," said Vonovia boss Rolf Buch on Friday in a conference call with a view to the 53 euros per share that the Bochum company is now offering for the Berlin group. "It works now or it just doesn't work then," said Buch to the address of the shareholders of Deutsche Wohnen, who were relying on another increased offer. With a profit increase and an increased annual forecast in the back, Buch wants to make the new attempt to take over the smaller rival and submit its offer in mid-August.

The last takeover attempt at the end of July failed because the group was only able to collect 47.6 percent and not the required 50 percent of Deutsche Wohnen shares. Many hedge funds had speculated on more money and withheld their stocks. Almost 50 percent of Deutsche Wohnen shares were held by "mainly hedge funds and short-term speculators," complained Buch: "This is a very bad shareholder base for a housing company."

Vonovia is offering a total of around 19 billion euros for Deutsche Wohnen, which is primarily active in Berlin. Deutsche Wohnen boss Michael Zahn and his fellow board members had backed the new offer, for which the financial supervisory authority BaFin had given the green light on Thursday. At the end of September, it should be clear whether Vonovia will get a chance at Deutsche Wohnen in the third attempt, Buch had announced. The corporations now wanted to explain the offer better in order to convince more shareholders, he said: "We have learned from the mistakes."

The two real estate giants listed in the leading index Dax own a total of 550,000 apartments valued at more than 80 billion euros, most of them in Germany. "Together, the two companies can better shoulder the necessary investments in climate protection, needs-based living and affordable living space," both landlords had advertised for the merger. Vonovia already holds around 30 percent of the Deutsche Wohnen shares, but Buch also ruled out a mandatory offer through the purchase of additional shares on the market. If Vonovia does not get a chance again, the group with 30 percent as a minority shareholder of Deutsche Wohnen is "a stable anchor and can help define business policy".

But Buch wants to prevent another failure: “The new offer is a good solution,” he said. Vonovia will not allow itself to be put under pressure by individual Deutsche Wohnen shareholders. "Housing companies are not suitable for short-term speculation," he emphasized - such interests are incompatible with the housing industry. Deutsche Wohnen needs a long-term oriented investor like Vonovia. The success of the takeover offer is therefore "in the interests of the entire German population," said the manager.