FRANKFURT / LONDON (IT BOLTWISE) – The recent price gains in SAP shares have supported the DAX and provided positive momentum. After the publication of the software giant’s quarterly financial statements, SAP shares rose by almost two percent. The DAX rose slightly in early trading and remains in a consolidation phase below the record high of two weeks ago.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The latest price gains in SAP shares supported the DAX on Thursday. After the publication of the software giant’s quarterly financial statements, SAP shares rose by almost two percent. This positive development contributed to the DAX gaining 0.2 percent to 24,200 points in early trading. This means that the leading index remains in a consolidation phase below the record high of two weeks ago at 24,771 points.
Landesbank Helaba commented that investors on the stock market are currently acting cautiously. The technical picture is inconsistent and a clear impulse remains to be seen. The 24,000 point mark is particularly important, above which the DAX should stay if possible in order to gain further investor confidence.
The MDAX, which includes medium-sized stock exchange groups, also recorded an increase of 0.3 percent to 30,082 points on Wednesday. The Eurozone leading index EuroStoxx 50 also rose by 0.3 percent. These developments show that the European markets as a whole are benefiting from a positive mood, even if uncertainties remain at the global level.
SAP’s strong performance is a good example of how individual companies can influence the overall market. SAP, as a DAX heavyweight, has not only strengthened investor confidence with its positive quarterly balance, but has also shown that technological innovations and solid business figures continue to be crucial for success on the stock exchanges.
*Order an Amazon credit card with no annual fee with a credit limit of 2,000 euros! a‿z
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “SAP shares drive the DAX: A look at the current market situation”.