US interest rate signals tailored to investors' tastes drove the Dax to new all-time highs on Thursday. The main German index Xetra closed the day with an increase of 0.91 percent, up to 18,179.25 points. The search for records also continued on the New York stock exchanges.
The MDax rose 0.79 percent to 26,473.05 points. However, the German mid-sized company index cannot keep up with the Dax's record. The MDax record dates back to 2021 and is about 10,000 points above the current price.
The Goldilocks scenario in the US remains plausible
As expected, the US Federal Reserve Bank maintained the current official interest rates the day before, but still maintains the prospect of cuts this year. The central bank also predicted significantly higher economic growth this year than expected three months ago. The Federal Reserve offered markets an ideal scenario of high growth rates and interest rate cuts: “what more could you ask for?” Index Radar experts wrote.
Several companies in this country presented their annual figures on Thursday. These mostly confirmed key data that had already been published.
Douglas returns to the stock market: shares weaken on the first day of trading
Douglas also returned to the stock market, but it was disappointing. With a price of just over 23 euros at the close of trading, the perfumery chain's shares were more than eleven percent below the issue price of 26 euros. Analyst Jochen Stanzl from the CMC Markets brokerage highlighted as a negative influence factor that the day before the IPO, negative news about the Gucci Kering group was broadcast on the tickers, which had a negative impact on the entire luxury and premium segment. on the stock market. .
After a dividend increase, shares in the building materials group Heidelberg Materials rose to their highest level since 2008. They closed up 4.6 percent at a good 98 euros. Analysts also fundamentally support a new rally with price targets of up to 120 euros.
Multi-billion order gives Rheinmetall an even bigger boost: 500 euros in sight
Rheinmetall is gradually approaching the 500 euro mark. A billion-dollar order from the Bundeswehr gave a new boost to the arms company's shares. At the close of the day, they were three percent higher. JPMorgan had also increased the target price to 600 euros. At 224 alone, Rheinmetall, the strongest stock on the DAX, has already gained more than 71 percent.
An order by RWE on Nordex raised the price of the Hamburg wind energy company by 4.9 percent. RWE fell 0.4 percent. RWE secured 800 megawatts of wind power from Nordex under a multi-year contract. The news supports its positive stance on the European onshore wind sector, Goldman Sachs analysts said.
Siemens Energy wants to sell its wind turbine business: shares rise
Siemens Energy grew even more significantly with an increase of 6.7 percent. As Bloomberg reported citing industry experts, the company is likely to try again to sell the weakened onshore wind turbine business.
In the telecommunications sector, United Internet and shares of its subsidiaries 1&1 and Ionos weakened after the figures were published, with discounts in some cases of more than four percent. The market said United Internet's quarterly numbers were good, but only good.
The search for records continues on the New York Stock Exchange
The eurozone's leading index, EuroStoxx 50, gained a good one percent to 5,052 points. The French Cac 40 closed slightly higher and the British FTSE 100 considerably higher. As expected, the British Central Bank (BoE) once again left its official interest rate unchanged.
In New York the search for records continued in the stock markets: at the close of the European Stock Market, the main barometer Dow Jones Industrial gained 0.8 percent, the Nasdaq 100 technology selection index rose 1.2 percent.
Current yield falls to 2.44 percent
The euro fell below the $1.09 mark. The common currency last cost $1.0860. In the afternoon, the European Central Bank (ECB) set the reference exchange rate at 1.0907 (Wednesday: 1.0844) dollars. Therefore, the dollar costs 0.9168 (0.9221) euros.
In the bond market, the current yield fell from 2.46 percent the day before to 2.44 percent. The Rex bond index rose 0.18 percent to 124.98 points. Bund futures gained 0.17 percent to 132.26 points.