Positively received quarterly figures from Amazon and Apple also helped the German stock market to climb further on Friday. The Dax gained 0.56 percent to 13,357 points in the first Xetra hour. At its most recent interim high of 13,399 points, it only just failed in early trading. Above that, at currently 13,429 points, the 50-day line is waiting as a medium-term trend barometer.
The MDax of medium-sized companies recently gained 1.38 percent to 27,195 points. The leading eurozone index, the EuroStoxx 50, rose by 0.8 percent.
The shares in the US after-hours trading reacted to the quarterly reports from Amazon and Apple with high price premiums. “Especially with the big techs, major slumps due to rising interest rates were feared,” said market expert Thomas Altmann from asset manager QC Partners. “The fact that the big techs are now reporting solidly takes a lot of pressure and also a lot of fear out of the market.”
The papers of the online fashion retailer Zalando were pulled up by the good mood in the internet and tech sector, they gained 5.5 percent at the top of the Dax.
On the other hand, the shares of the dialysis group Fresenius Medical Care (FMC) are not gaining traction. After the price slump of more than 14 percent the day before, the Dax went down again by 3.7 percent to another low since 2010. UBS lowered its thumb and now voted “neutral”.
Investors appreciated the increased sales targets of the wafer manufacturer Siltronic with a plus of 6.5 percent.
Two gradations for Takkt brought the shares in the office furniture mail order company losses of almost eleven percent. Warburg canceled the buy vote and now rates the title as “Hold”. Hauck Aufhäuser now advises selling.
