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Frankfurt Stock Exchange: Dax drops slightly at the start of trading

2019-08-27T08:14:26.197Z

TIME ONLINE | News, backgrounds and debates



Frankfurt / Main (dpa) - After the robust start to the week, the German stock market initially ran out of energy. The Dax slid in early trading for lack of impetus by 0.30 percent to 11,623.64 points.

At the same time, the MDax fell by 0.16 percent to 24,960.35 points. The EuroStoxx 50, the leading index of the Eurozone, fell by 0.37 percent to 3336.52 points.

Investors are currently facing a mix of political and economic issues such as the trade war between the US and China, the government crisis in Italy and Brexit, which, depending on the level of escalation, influence the daily fluctuations in the DAX.

The shock of the recent escalation in the trade war, the investors had put away quite well at the start of the week. It helped that the US and China after the unfriendly tenor from Friday before already signaled willingness to talk again. As a result, Wall Street recovered at least some of its significant losses and Asia's stock exchanges also picked up Tuesday morning.

But as long as escalation and relaxation in the trade dispute alternated on a weekly basis, the stock market should not find a clear trend, believes market watcher Milan Cutkovic of Axitrader. The Dax is currently commuting around its 200-day line. This indicator for the longer-term trend has been running sideways for months.

While the signs of a recession in Germany have recently condensed - the trade dispute is also burdening here - the search for a government in Italy is entering a decisive phase. President Sergio Mattarella welcomes all parliamentary groups in Rome to explore the possibilities for an alternative government of populist five-star movement and Social Democrats (PD).

In the Dax, Eon stocks gained more than one-and-a-half percent of the index's favorites - the papers benefited from a buy recommendation from the British investment bank Barclays. Also RWE and Innogy papers became more expensive after the comment by approximately one percent each.

Real estate stocks rallied across all indices almost without exception from their previous day losses - the industry had suffered at the start of the week under the simulation games in Berlin for rent cover. Vonovia advanced as Dax winner recently by 1.75 percent, Deutsche Wohnen led the MDax with almost three percent plus.

In the SDax Cancom papers were in demand with a price increase of more than one and a half percent - the IT service provider moves into the MDax on August 29, where it replaces before the takeover by the financial investor KKR standing media group Axel Springer. The vacancy in the small cap index closes Instone Real Estate, the shares of the real estate developer increased by more than two and a half percent.

Source: zeit

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