Price board on the Frankfurt Stock Exchange. Photo: Getty Images, Montage
Dusseldorf. On Thursday, the Dax started up around one percent at 25,097 points. This means that it has exceeded the important mark of 25,000 points. The leading German index recently recovered again and closed trading on Wednesday with a gain of 0.5 percent at 24,856 points.
Investors also look at various figures from large companies. The technology group Siemens slightly increased its profit expectations for the current financial year. The car manufacturer Mercedes-Benz halved its profits.
The Frankfurt stock exchange operator Deutsche Börse achieved a record profit last year and is increasing its dividend. Investors are also keeping an eye on Lufthansa. Customers of Germany’s largest airline must expect massive flight cancellations due to the strike.
Look at individual values
Zalando: The shares of Europe’s largest online fashion retailer Zalando are in demand after a positive analyst comment. The stocks are up 0.7 percent in early Frankfurt trading. Morgan Stanley analysts raised their rating to Equal-Weight from Underweight.
Siemens: Munich-based Siemens expects sales growth of at least seven percent for the current financial year. The shares rose to 5.8 percent in Frankfurt and are at the top of the DAX. The outgoing CFO Ralf Thomas limited the forecast in a conference call on Thursday to the upper half of the previous range of six to eight percent. The reason for this is the growing confidence in the two core divisions of Digital Industries (DI) and Smart Infrastructure (SI).
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Mercedes-Benz: The share is losing 5.5 percent, making it one of the DAX losers. Weak Chinese business and higher US import tariffs led to another slump in profits at Mercedes-Benz last year. The operating result (EBIT) fell by 57 percent to 5.8 billion euros compared to the previous year, as the car manufacturer announced on Thursday.