Stocks – Dax is clearly slipping into the red economy

Investors in European equities remain torn between the prospect of a sustained influx of money from the US Federal Reserve and fears of rising inflation. They were also concerned Thursday about the rapid spread of the particularly contagious delta variant of the corona virus. the Dax fell one percent to 15,630 points. Neither the current season nor the hearing of US Federal Reserve Chairman Jerome Powell has been able to get the stock markets out of their sluggishness just yet, said portfolio manager Thomas Altmann of wealth adviser QC Partners. “What we’re seeing right now is a drop in summer sales.” Powell had repeated his mantra in front of the US Congress on Wednesday that the current price pressure was temporary.

Shares of Siemens Energy, which fell eleven percent at the end of the index, were a burden on Dax. A warning about Siemens Gamesa’s profits has passed here. The shares of the wind subsidiary, also listed, fell 14.4%. The news scared investors from competitors of Gamesa, Nordex and Encavis. For stocks, it fell nearly five or 6.2 percent in M-Dax.

Only a few stocks ranked on the winning side of the Dax, even the Daimler stock had recently slipped 0.4% into the red after a positive start. As a result, strong key data from the automaker, which again gained more than expected in the second quarter, fizzled out. The biggest DAX winner was Eon stock, which rose 1% according to an analyst comment. JPMorgan experts noted stocks “overweight” and raised the price target. In S-Dax, the Dr├Ągerwerk share fell negatively with a discount of 4.2%. The medical and security technology group posted unexpected second quarter operating profit results. This was well below the figure from the previous year, which had been driven by the coronavirus. Wall Street stock markets have been mixed. During the Dow jones edged up halfway, the broad S&P 500 fell 0.3%. Morgan Stanley shares rose 1.3 percent. The bank increased its profits in the second quarter thanks to the global craze for mergers and acquisitions.

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