Stocks – inflation fears are slowing Dax – economy

After two days of profitable quotation, investors on the German stock exchange fell back in the middle of the week. Of Dax was 0.3% below 15,706 meters at market close. The focus continued to be on the company’s quarterly reporting season, which has so far been quite convincing. However, concerns about high inflation and its possible consequences also continued to haunt investors.

Along with Deutsche Bank, BASF and Puma, three Dax companies released their quarterly figures on Wednesday. The reaction was disappointing for Deutsche Bank shares: they lost 6.9% at the bottom of the Dax. Although the Money House made the fifth straight quarterly profit, it was unable to continue its cost-cutting momentum. BASF shares also did not benefit from higher annual sales and profit targets. On the other hand, Puma’s messages were well received. The Adidas rival was more optimistic for the current year. Grace Smalley of JPMorgan spoke of a “strong third quarter” in a difficult environment. Puma shares gained 3.6% at the top of Dax.

Meanwhile, K + S shares made up for their losses the day before after a positive comment from analysts. With over 6.6 percent, the fertilizer manufacturer’s paper tops the list of M-Dax winners. United Internet titles gained ten percent in value at their peak. According to media reports, the company is considering an IPO of cloud subsidiary Ionos.

Changes in the Dax family are expected next Friday. Due to the takeover of the real estate group Deutsche Wohnen by Vonovia, Deutsche Wohnen left Dax and was replaced by the consumer goods manufacturer Beiersdorf. Its place in the M-Dax is taken by the insurance company Talanx, which Basler, the developer of special cameras, follows in the S-Dax.

On Wall Street he gave Dow jones 0.7 percent. Investors focused on technology stocks. After submitting quarterly figures with significant gains, Microsoft’s stock price rose 4.2%, while shares of Google’s parent company Alphabet rose 5%.

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