FRANKFURT / LONDON (IT BOLTWISE) – The DAX remains under pressure and closed with a slight decline of 0.07 percent, while the MDax fell by 0.67 percent. Experts expect further fluctuations until the upcoming Fed meeting, which could be influenced by companies such as Airbus and Hugo Boss. Investors are nervous about the psychologically important mark of 24,000 points.
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The German stock market continues to be volatile, with the DAX ending the trading day at 23,693.71 points with a slight decline of 0.07 percent. This development reflects the uncertainty of investors who are struggling with the psychologically important mark of 24,000 points. Market analysts point out that the upcoming meeting of the US Federal Reserve Bank could provide decisive impetus for further developments.
At the same time, the MDax for medium-sized companies recorded a decline of 0.67 percent, indicating general weakness in the market environment. International markets, particularly in the US, also showed restraint as investors reacted to service provider ADP’s weak November jobs report. This report could fuel speculation about possible interest rate cuts, but has no immediate impact.
In Germany, Hugo Boss shares suffered a significant setback after the fashion group published disappointing forecasts. These are based on planned restructuring in the product range and sales. In contrast, despite a reduced delivery target for the year, Airbus saw its shares recover, ending the trading day up around four percent.
The German semiconductor industry also benefited from positive guidance from US chip manufacturer Marvell, which led to a 2.7 percent increase in Infineon shares. New assessments caused movement in the automotive sector: While Volkswagen was able to increase by 1.6 percent, Mercedes-Benz and BMW recorded losses. Thyssenkrupp came under pressure after critical press reports and a cautious analysis from JPMorgan led to a share price decline of almost nine percent.
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