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Frankfurt / Main (dpa) - Inflation worries have weighed on the German stock market.
However, the initial losses decreased rapidly, and so the fight between bulls and bears goes into the next round.
The pessimists fear a further accelerating rise in interest rates on the US bond market.
The optimists, however, are counting on an economic recovery worldwide in the course of the vaccination campaigns and see buying opportunities in falling prices on the stock market.
In addition, many central bankers are currently verbally intervening that the rise in yields is not a threat and that there is still scope for an extremely loose monetary policy.
After the Dax had slumped towards 13,700 points at the start of trading, the German benchmark index then quickly recovered with minus 0.24 percent to 13,846.28 points.
On a weekly basis, there is currently a minus of around one percent.
The MDax of medium-sized companies fell by 0.68 percent to 31,427.67 points.
The leading Eurozone index EuroStoxx 50 lost 0.48 percent to 3667.43 points.
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The day before, the Dax had dared a short excursion over the 14,000 points and had run towards its record high until profit-taking began.
Among the small caps, the Grenke shares in particular attracted attention, jumping 12.5 percent.
The leasing specialist, which is criticized for its accounting, sees itself at least partially relieved by the first interim results of the BaFin special audit.
The auditing company Mazars, mandated by the Federal Financial Supervisory Authority (BaFin), did not confirm the allegation of money laundering, the SDax company announced.
The fact that the franchise companies were not fully consolidated was a major point of criticism.
This will now be met for 2020.
Among the individual values in the Dax, companies with annual reports were once again in view: The world's largest chemical company, BASF, had already announced key data at the end of January and has now provided details and an outlook for 2021. The share fell 0.7 percent in line with the market.
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At the same time, the T-Share held at the previous day's level.
In 2020, Deutsche Telekom generated three-digit billion sales for the first time in its history.
Analysts especially praised the “very strong performance indicators” for the German market, such as the number of new customers in the mobile and fixed network area.
© dpa-infocom, dpa: 210226-99-603190 / 3