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Frankfurt / Main (dpa) - In the middle of the week, investors on the German stock market took advantage of the previous day's price slide to enter and expand their equity positions.
The Dax rose 1.37 percent to 15,059.78 points in early trading on Wednesday.
Last month the leading index rose to a record high to just over 15,500 points.
The MDax with its 60 values climbed 1.12 percent to 32,402.49 points on Wednesday.
The Eurozone index EuroStoxx rose by 1.31 percent to 3976.28 points.
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On Tuesday, fears of inflation boiled up again, which had sent the German stock market downhill.
The main trigger is likely to have been the statements made by former Fed President and current Treasury Secretary of the United States, Janet Yellen.
The latter had said in an interview that the significant increase in US government spending in the corona pandemic should also lead to slightly higher interest rates, while US Federal Reserve President Jerome Powell had not yet given any clear signals for a more restrictive monetary policy.
After the reactions on the financial markets as a result of her statements, Yellen adjusted her statements a little bit, which provided general relief.
Among the individual stocks on the German stock market, the focus was once again on a whole series of company figures and outlooks.
After strong key figures for the first quarter and concrete annual targets at the top of the Dax, the shares of Merck KGaA rose by 3.6 percent.
Morgan Stanley analyst James Quigley praised the strength of the pharmaceutical and specialty chemicals manufacturer in the first quarter and had already expected a positive price reaction.
According to him, the average analyst estimate for the adjusted operating profit for the year should now rise.
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After its first quarter, Deutsche Post also became even more optimistic for the year as a whole and raised its estimate for earnings before interest and taxes as well as for free cash inflow.
Investors rewarded this.
The yellow share gained 2.7 percent as the third strongest DAX value.
The energy group Siemens Energy, meanwhile, was able to significantly improve profitability in its second fiscal quarter, but sales remained behind the previous year. Accordingly, the Munich-based company has now capped the upper end of the expected growth range for the 2020/21 financial year as a whole. The DAX newcomer is sticking to the earnings forecast. After initial price losses, the share stabilized most recently.
Delivery Hero fell by 4.5 percent to 122.20 euros.
A share placement by shareholders weighed on the title of the food delivery service, which had gained a little more than ten percent in the past month.
According to circles, a group of funds is selling a stake worth around 1.2 billion euros after the strong run of papers during the corona pandemic.
The placement price per share should be EUR 123.10, it was said last.
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In the second series of exchanges, the commercial kitchen supplier Rational reported on business that was going better.
He earned more again thanks to austerity measures, which gave the papers the top spot in the MDax with plus 5.5 percent.
Hugo Boss also knew how to convince.
The fashion company still owed a specific outlook, but surprised positively with the quarterly figures.
The share price rose 4.3 percent, continuing the rally of recent months.
The connection technology specialist Norma benefited in the first quarter from the continued good recovery in the car markets and from good business in water management.
Sales and profitability increased significantly compared to the same period in the previous year, resulting in a 1.2 percent rise in the share price.
Metro fell by 1.8 percent at the end of the SDax, because the corona-related lockdowns in many countries pulled the wholesale group Metro back into the red in its second fiscal quarter.
© dpa-infocom, dpa: 210505-99-473812 / 4