Fears of a new corona wave have once again made European equity investors cautious. The spread of the delta variant and the growing number of infections have heightened doubts about a sustainable economic recovery around the world, according to stock brokers. The flagship index Dax At the end of the session, it was down 0.6% to 15,540 points, after losing 1% the day before and thus falling from its record level.
Jenoptik caused a stir on the German stock market with a price increase of 12.7%. After a stellar quarterly result, the tech company’s full-year outlook for the tech company is above market expectations, a stockbroker said. Above all, the profit margin surprised positively. Based on solid numbers, Puma is also more optimistic about the year as a whole. Still, the sporting goods maker’s shares edged down. Another alliance company with increased annual goals was Carl Zeiss Meditec. After an expected increase, shares of the medical technology group rose 2.3% to an all-time high. The company assumes that current year sales will exceed the previous target by around 1.6 billion euros.
In industry analysis, stocks recently plagued by pandemic concerns from the travel and aviation industries have recovered. The papers of the engine manufacturer MTU were among the rare winners of the Dax with a more than 0.3%. Meanwhile, Lufthansa papers in M-Dax increased by 1.7%. Tui shares, which are not included in any German index, rose 2.2%.
Burberry was unable to convert a jump in sales into price gains. Shares of the luxury goods supplier were at the bottom of the London selection index FTSE 100 with a minus five percent.
In New York, it was Dow jones 0.9 percent less at the end of trading. In contrast, Moderna shares rose sharply. News that the biotech company will hit the S&P 500 in the coming week has made stocks more expensive by a good ten percent