display
Frankfurt / Main (dpa) - Losses determined the start of trading on the German stock market on Monday.
The mark of 13,900 points in the Dax fell at the start of trading.
Now the leading index is fighting for the score of 13,800 points.
Investors are currently reacting nervously to rising interest rates on the bond market.
At the same time, the ongoing corona restrictions are causing concern.
In early business, the German benchmark index fell 1.33 percent to 13,807.25 points.
The MDax of medium-sized companies lost 1.61 percent to 31,863.87 points and the Eurozone leading index EuroStoxx 50 fell by 1.20 percent.
display
The topic of rising interest rates is now also becoming increasingly popular on the stock markets, said portfolio manager Thomas Altmann from QC Partners in Frankfurt.
«Rising financing costs have a direct impact on corporate profits.
At the same time, bonds are becoming a real investment alternative again. "
The question now arises at what point the central banks intervened, since rising interest rates could at some point become a burden for companies and national budgets.
Before the Munich Ifo Institute announces its much-noticed data on the business climate in Germany in the course of the morning, the focus was initially on a few company news.
In the Dax, the shares of Continental lost 2.8 percent and were among the weakest stocks.
Due to a loss at the group level, the auto supplier and tire manufacturer does not want to pay a dividend for the Corona year 2020.
In the SDax, on the other hand, the shares in the commercial vehicle supplier SAF-Holland bucked the negative market trend.
They benefited with a plus of 1.2 percent from the fact that the company was able to contain its significant losses in the Corona year 2020 thanks to a conciliatory final quarter.
display
Otherwise moving analysts' opinions: Beiersdorf's papers held up significantly better than the market as a whole, at minus 0.1 percent.
The US bank Goldman Sachs had canceled its sell recommendation for the shares of the consumer goods manufacturer.
United Internet and Varta, however, gave way in the MDax.
Varta lost 5.6 percent and suffered from a sell recommendation from the private bank Hauck & Aufhäuser.
United Internet lost 2.2 percent.
Here the analysis company Kepler Cheuvreux canceled its buy recommendation for the internet service provider's share.
© dpa-infocom, dpa: 210222-99-540459 / 3