Frankfurt / Main – The German stock market also rose on Tuesday. More recently, the leading Dax index recorded an increase of 2% to 12,948.30 points. For the MDax of mean values, it increased 1.55 percent to 27,597.63 points. EuroStoxx 50 gained 1.9%.
Positive demands from abroad serve as support. In New York, the Dow Jones Industrial – unlike the Nasdaq indices, which have recently been somewhat shunned by tech stocks – increased profits the day before. The good humor then spread to Asia and now also to Europe.
Investors are still confident that US political parties will agree on another stimulus package, AxiTrader analyst Milan Cutkovic said.
The Hellofresh mail order cooker company had again upped its forecast the day before and is increasingly becoming one of the biggest winners in the Corona crisis. On Tuesday, things improved noticeably towards the record and more recently, with a little less strength, still close to 3%.
Copper group Aurubis has confirmed its outlook for the year. The shares rose 0.9 percent. Zalando’s prices rose 3.7%. Baader Bank analyst Volker Bosse called the online fashion retailer’s results very good.
Corestate slipped more than eight percent. The numbers were low as feared, Baader Bank said. Deutz lost 2.6%. Cologne made even more losses in the second quarter. With over 2.3%, Jungheinrich returned to its peak at the end of July.
Overall, cyclicals were preferred in the market and more defensive stocks were avoided. In Dax, for example, investors were happy with the high profits in the automotive sector. BMW, Continental and Volkswagen were in the lead with price premiums at times of four and a half percent.
© dpa-infocom, dpa: 200811-99-122181 / 3