Stocks – Record Profit Taking – Economy

the Dax he lacked new momentum on Tuesday after his record at the start of the week. The German benchmark closed the trading session with virtually no change at 15,783 points and thus remained within range of its new high of 15,806 points reached on Monday. Among the individual values ​​the Gerresheimer share stood out negatively in the M-Dax with less than nine percent. The manufacturer of specialty packaging for the pharmaceutical industry continues to benefit from strong demand, but reported margin losses due to rising raw material and energy prices. “The strong growth in the second quarter was clearly visible and was seen as the bare minimum to be on track for full year forecasts,” analysts at JP Morgan summed up.

Qiagen titles, which were 4.3% cheaper, were also sold. The biotech company reduced its sales targets for the full year due to lower demand for corona testing. “It was a disappointment after management confirmed previous forecasts last month,” complained analyst Peter Welford of investment bank Jefferies. The better-than-expected quarterly results and the announced share buyback could not compensate for this. Volkswagen shares could only benefit from the increased return target for 2025 for a short time and initially turned positive. In the end, they were then listed 1.3 percent lower. On the Helsinki Stock Exchange, Nokia’s share price jumped nearly eight percent. The network equipment supplier has promised to raise the forecast. The Wall Street stock exchanges have found no clear direction. During the Dow jones Losing 0.3%, the Nasdaq composite index with a strong technological component temporarily reached a record level. Investors have been following the opening of the balance sheet season by JP Morgan closely. Thanks to a flourishing activity, the bank exceeded expectations with its quarterly profit. However, revenues from commercial activity collapsed by 28%. This pushed the stock 1.5% into the red. Rival Goldman Sachs was able to more than double the profit. However, the share fell by 1.3 percent.

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