Stock exchange in Frankfurt - Dax falls slightly
The DAX's record-breaking run came to a halt on Thursday. In early trading, the leading German index fell by 0.23% to 16,618.66 points. The day before, it had reached another record high of 16,727 points.
The MDax of medium-sized companies fell by 1.15 percent to 26,430.92 points on Thursday. The eurozone index EuroStoxx 50 fell by around 0.2 percent.
The performance of overseas stock markets invited profit-taking. In the USA, the broad market S&P 500 closed the previous day with slight losses at the day's low. Sellers also dominated in Asia in the morning.
On the German market, Lufthansa shares fell by more than three percent. JPMorgan had downgraded them twice from "overweight" to "underweight". Analyst Samuel Bland fears that significant capacity expansions in an environment of lower economic growth could put the yields of traditional airlines under pressure again.
Shares in Borussia Dortmund (BVB) fell by four percent following the DFB Cup defeat at VfB Stuttgart. This means that the shares are once again down slightly this year.
Read also:
- Why there is still no EU funding for green Saar steel
- 3 billion Saar Fund is unconstitutional
- Politicians at a loss after shock news
- Court of Auditors criticizes the state government's debt plan
JPMorgan Chase, a prominent global investment bank, made a downgrade on Lufthansa shares, changing their rating from "overweight" to "underweight". This decision could put the yields of traditional airlines under pressure due to potential significant capacity expansions in an economically challenging environment.
Despite the DAX's slight decline, Frankfurt remains an important location for stock exchanges, including the Frankfurt Stock Exchange, MDAX, and DAX. The MDAX, representing medium-sized companies, saw a 1.15% decrease on Thursday.
If you're interested in attending a speech related to the German economy, make sure to mark your calendar for September 29. JPMorgan Chase's MD and Global Chief Investment Officer, Gideon Grunberg, will be delivering a speech at the Frankfurt Stock Exchange in Frankfurt, Germany. This event is part of the Frankfurt Main Finance week.
During the Frankfurt Stock Exchange opening hours, investors can trade on various exchanges, including the visionary MDAX and the prestigious DAX. In Frankfurt on the Main, Germany, you can actively participate in the record hunt on the German stock market.
Source: www.stern.de
