Dax in recovery: Investors hide concerns about the economy

Some euro zone investors have recently speculated that the ECB, when it raised its interest rate for the first time in eleven years in July, might also decide to raise interest rates more sharply than the previously announced 0 hike. , 25 percentage points. The euro was up 0.7% to $ 1.0582 on Tuesday. The dollar index, which reflects the value of the US currency against other major currencies, lost 0.7% to 103.96 digits.

In the afternoon, investors hoped to draw conclusions about the state of the world’s largest economy from US home sales data. Experts predicted a drop to 5.4 million units in May. Furthermore, European investors eagerly awaited the atmosphere in which their US colleagues would emerge from the long weekend.

Airbus has asked for an important order

Among the individual values, Airbus stood out in the Dax, which temporarily increased by two percent after a large order from Easyjet. The British airline wants to expand its Airbus fleet and has announced that it will purchase 56 “A320neo” aircraft. Easyjet shares are up slightly.

On the other hand, Nordex did not have a good day, having just lost its place in the SDax small caps index. The Hamburg-based wind turbine manufacturer has to shift production to other smaller blades and installations. In the first quarter, sales fell by a quarter to 933 million euros. The shares fell 13 percent to a two-year low of € 8.13.

The planned merger of Leonardo’s US unit DRS with Israeli company Rada Electronic Industries was well received on the Milan stock exchange. The shares of the Italian armaments group rose up to 9.7 percent to 10.68 euros. After the merger, DRS shares will also be traded on the US Nasdaq Technology Exchange. Significant synergies could result from the merger, broker Akros commented.

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