Stock exchange in Frankfurt - Dax up slightly - caution ahead of US price data
On Friday, US consumer and price data for May are on the agenda. Particular attention is paid to the so-called PCE-Price Index, which is the preferred inflation measure for the Federal Reserve. Deviations from expectations could cause significant swings in the stock markets, according to experts from the trading platform eToro. Investors are looking for signals for a sustained containment of inflation. Indications of stubborn inflation could therefore make further gains on US exchanges more difficult.
On Thursday, investors in Europe and the US were cautious. The Eurozone Leading Index EuroStoxx 50 ultimately fell by about 0.3 percent. In London and especially in Paris, the declines were even more pronounced. The New York Leading Index Dow Jones Industrial and the technology-heavy Nasdaq 100, however, gained moderately at the European close.
In the DAX, MTU, the turbine builder, took the lead with currency gains of 5.6 percent. Siemens and Heidelberg Materials followed. The rear index places were occupied by the automotive supplier and defense contractor Rheinmetall, as well as Sartorius and Beiersdorf from the pharmaceutical and consumer goods industry.
In the MDax, LEG Immobilien and TAG Immobilien profited from new buy recommendations from Deutsche Bank with gains of 2.6 percent and 2.1 percent, respectively.
The titles of Schott Pharma recovered as leaders in the Swiss Markets Index SDax, gaining 9.6 percent to 29 Euro. The Mainz pharmaceutical supplier confirmed its medium-term targets. In the past few weeks, the shares had fallen significantly and had reached a record low of 25.64 Euro just under a week ago.
The Euro gained slightly and cost 1.0708 US-Dollars at the end. The European Central Bank had set the reference rate to 1.0696 (Wednesday: 1.0689) Dollars earlier.
There were slight losses at the bond market. The Rentenindex Rex fell by 0.19 percent to 124.64 points. The Bund-Future gained 0.04 percent to 132.06 points.
- Despite the PCE-Price Index being crucial for the Federal Reserve System's inflation expectations, stock exchanges worldwide are closely watching the US consumer and price data for May.
- Frankfurt am Main's MDax, a stock exchange focusing on small and medium-sized companies, saw gains in LEG Immobilien and TAG Immobilien after Deutsche Bank's positive buy recommendations.
- In the larger German stock market, the DAX, companies like MTU, Siemens, and Heidelberg Materials saw significant increases, while automotive supplier and defense contractor Rheinmetall, along with Sartorius and Beiersdorf, struggled.
- Investors across Europe and the US are exercising restraint, with the EuroStoxx 50, a leading index for Eurozone stocks, experiencing a modest decline of around 0.3% on Thursday.
- While the technology-heavy Nasdaq 100 and the Dow Jones Industrial in the US saw moderate gains, the Frankfurt Stock Exchange nevertheless noted falls in its indices, including the DAX and MDax.
- In response to increasing market volatility due to inflation concerns, Frankfurt's stock exchanges, including the DAX and MDax, may take additional measures to ensure a stable market environment, promoting restraint in trading activities.
- Pharmaceutical companies like Schott Pharma in Germany and Swiss Markets Index SDax titles have seen fluctuations in their stock prices, either gaining from positive news or struggling with inflation-related challenges, impacting the wider European and US stock markets, including the Dax, MDax, Euro Stoxx 50, and the USA's NASDAQ and Dow Jones Industrial.
