Weaker growth signals from U.S. online retailer Amazon prompted many investors to pull out of the stock market on Friday. the Dax closed with a -0.6% at 15,544 points. On a weekly basis, the main German index lost 0.8%. Most of the big tech companies, which have seen strong growth in recent quarters, are likely to have a harder time in the near future, said analyst Craig Erlam of broker Oanda.
U.S. online retailer Amazon increased sales by more than a quarter to $ 113 billion, but remained $ 2 billion below expectations. For the current quarter, Amazon has warned of slowing growth. Amazon shares fell more than seven percent in New York City. Amazon signals weighed on shares of online retailer Zalando in that country, which fell 3.6%. Big loser of Dax, the titles of the provider of dialysis Fresenius Medical Care (FMC) fell by 4.5% after the presentation of turnover. They lowered shares of parent company Fresenius by nearly 4%, although the hospital operator and medical technology group have recovered strongly from the stress of the corona pandemic and have therefore raised their annual targets. FMC expects profits to decline by as much as 25% this year due to the Corona crisis. Thanks to good commercial activity, the industrial gases group Linde is once again confident for the current year and has once again raised its forecasts. Sales climbed 19% to $ 7.6 billion on higher prices and volumes. Linde shares gained 2.5 percent. RWE also expects a better result in 2021 than before. The energy company paper gained 0.2 percent. In M-Dax, lubricant maker Fuchs Petrolub and medical tech maker Siemens Healthineers have become the focus of investors with increased expectations. While Fuchs Petrolub papers were among the favorites with a 1.6 percent premium, Siemens Healthineers gained 0.7 percent. Losses were also recorded on the American stock exchanges. the Dow jones was 0.4% lower at 34,950 meters at the midpoint.