Actions – Without momentum in the weekend – Economy

On the last trading day of the week, lethargy largely determined trading on the German stock market. Even the eagerly awaited numbers in the US labor market have not provided any new impetus. Investors have struggled to extract clear new information from the Fed’s timetable report for slashing stimulus measures. Of Dax fell 0.4% to 15,781 points at the end of the session. The markets were also excited about Friday night. Deutsche Börse then wanted to announce the future members of Dax, which had grown from 30 to 40 companies. As of September 20, the M-Dax will drop from 60 to 50 companies.

When it comes to corporate values, Delivery Hero has come under the spotlight. The food supplier had received 1.25 billion euros by issuing a convertible bond. With securities convertible into shares, the number of shares could increase, which should weigh on the price. In addition, investors often subscribe to convertible bonds and sell their shares in return. Delivery Hero papers were at the bottom of the Dax with a close to two percent minus.

According to a press article, plastics maker Covestro wants to cut up to 1,700 jobs worldwide. A spokesperson for the company described the number as an internal estimate as part of the ongoing adjustment to company structures. The Covestro share price recently rose 0.5 percent. The inclusion on the shopping list of the French bank Societe Generale only helped the papers of the engine manufacturer MTU to win only temporarily, more recently they were 0.3% in the red.

In M-Dax, the titles of Shop Apotheke took one of the lowest places with minus three percent. After the price rose more than 30% in the past four weeks, investors took their profits. Varta shares lost 1% of their value. Metzler Bank advised the battery maker to sell its shares.

After surprisingly weak job creation in the United States in August, American investors were also reluctant to buy stocks. Of Dow jones closed down 0.2 percent.

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