A day before the much-anticipated official US labor market data, European investors refrained from buying. Employment in the United States is considered an important factor influencing the monetary policy of the US Federal Reserve. And it could start this year with the release of the extremely accommodative monetary policy that had fueled the stock rally in recent years. Of Dax closed 0.1% higher at 15,840 points on Thursday. The stock market barometer thus fluctuated within a narrow range below the record of 16,030 points reached in mid-August. The M-Dax of mid-sized stocks hit an all-time high again.
Given the rise in corona infections, those with restrictions and restrictions were wanted for individual stocks: in M-Dax, shares of Shop Apotheke, Hellofresh and Zalando gained as much as three percent. Hornbach, Home24 and the Global Fashion Group were wanted in S-Dax.
Shares of consumer goods maker Henkel, however, suffered from a canceled buy recommendation by analysts at JP Morgan and fell 1.1%. Experts justified the downgrade by estimating that the sales momentum at Henkel would weaken in the second half of the year.
Insurer stocks were also among the lowest values. As reported by the German insurance industry, this year the association expects natural damage to be the most severe in at least 50 years. In Dax, Munich Re’s paper fell 1.2%. Allianz shares fell 0.8%.
An emerging auction competition has caused Zooplus shares in S-Dax to fall seven percent to a record low of 425 euros. There are reports that financial investor EQT is considering a counter-offer for online pet supplies retailer. In mid-August, the investor Hellman & Friedman had already offered 390 euros per share, for a total of 2.8 billion euros.
Speculation that the US Federal Reserve will continue to flood its money has attracted more investors to US exchanges. The flagship index Dow jones gained 0.4% out of 35,444 points. The highly technical Nasdaq index and the broader S&P 500 have sometimes reached new records.