Frankfurt am Main – The Dax closed in the red for six days in a row, but: obviously these are entry-level prices!
The main German index, the Dax, lost 0.91% to 13,304.39 points.
The MDax of the midsize shares lost 1.45% to 27,340.96 points. Market observers assume that the US Federal Reserve will react to the steep rise in inflation this Wednesday with a further hike in interest rates of 0.5 or 0.75 percentage points.
At Dax, Deutsche Börse’s shares lived up to their reputation as benefiting from uncertain market phases. They earned a good 1% after a positive comment from the analyst. The recovery due to high market fluctuations and rising interest rates is likely to have continued throughout the second quarter, warburg Research expert Andreas Pläsier wrote.
According to a skeptical study by bank HSBC, shares of sporting goods manufacturer Adidas fell by about three percent. Blockades in China, unfavorable currency developments and inflationary pressure are currently making things difficult for the sector, an analyst wrote. After the shortage of the previous year, the biggest risk is now full of shelves in the second half of the year.
K + S stock certificates rose a good three percent at the top of the MDax. Commodities group BHP is open to a partnership in a potash mine in Canada and could leverage K + S’s experience there, a trader said.
Among the worst values in the index, Fraport shares failed to escape their recent bearish trend and fell by around 6%, although passenger traffic at Frankfurt airport increased significantly in May and reached the highest value since the beginning of the pandemic crown.
In the SDax small cap index, Hornbach Holding shares suffered from an expected decline and slipped to the bottom of the index with a decline of more than 17%. Investors are used to something else from the hardware store group, a retailer said.
The leading Eurozone EuroStoxx 50 index lost 0.78% to 3475.18 points. The Cac 40 in Paris suffered a little more pressure, while the FTSE 100 in London fell a little less. In New York, the leading Dow Jones Industrial barometer fell 0.5% to close in Europe.
The euro briefly slipped below the $ 1.04 mark on Tuesday, but then recovered again and more recently cost $ 1.0411. The ECB set the key rate at 1.0452 (Monday: 1.0455) dollars. The dollar therefore cost € 0.9568 (0.9565).
On the bond market, the current yield has gone from 1.47 percent yesterday to 1.56 percent. The Rex pension index fell 0.38% to 131.29 points. The Bund futures fell 1.19 percent to 142.83 points.