Stock market – Dax with new record – economy

Investors in the German stock market are still in a record mood. Dax set a new record on Tuesday, but they can’t keep it. Shares of General Electric (GE) are in demand on the US stock exchanges.

Of Dax hit an all-time high on Tuesday after a mixed start. The main German index climbed to 16,102 points and then lost momentum. At the end of the listing, the stock market barometer was virtually unchanged at 16,040 points. “Even though the German stock index lacks momentum, the uptrend is intact,” said Jochen Stanzl of online broker CMC Markets. The cheap money of central banks, but also the gratifying profits of companies are responsible for this. The Dax was supported by a surprising rise in the ZEW index. In November, stock market professionals were a little more optimistic about the economic recovery in Germany.

The topic remains the current reporting season, which notably provided turnovers from Munich Re and Bayer. Strong demand for seeds and pesticides as well as the growth of the pharmaceutical business have made the agrochemical and pharmaceutical company Bayer a little more confident. This made Leverkusen-based stocks one of the biggest DAX winners with over 1.5%. In contrast, shares of Munich Re fell 2.5% after the reinsurer was unable to convince investors with its final quarterly figures.

Airline stocks have only sometimes benefited significantly from the lifting of travel restrictions to the United States. Lufthansa shares closed only 0.4% more. Fraport shares also made a profit and rose 0.6%. The resumption of air traffic after the Corona crisis reinforces the confidence of the operator of the Frankfurt airport. The shares of engine manufacturer Rolls-Royce rose 3.6% on the London Stock Exchange. The British government has promised the company the equivalent of 246 million euros to support the construction of the country’s first mini nuclear reactor. This is intended to further reduce the consumption of fossil fuels. After the recent record prices on Wall Street, some investors have made money. Of Dow jones lost 0.3 percent. General Electric papers, by contrast, rose 2.6 percent. The Siemens rival wants to split its medical technology, aviation and energy businesses into three of its own listed companies.

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