FRANKFURT (dpa-AFX) – After two record days in a row, the Dax fell moderately on Wednesday. Despite weak US Bunds the day before and disappointing quarterly reports from European companies, the leading German index ultimately held up well. In the afternoon, it lost 0.16 percent to 19,455 points.
At the same time, the MDax index of mid-caps rose by 0.28% to 27,010 points. In contrast, the EuroStoxx 50 lost 0.62 percent. The eurozone’s leading index was burdened above all by the profit warning from chip industry supplier ASML and weak sales figures as well as a cautious outlook from luxury group LVMH.
“The Dax is pausing”, wrote capital market strategist Jürgen Molnar from Robomarkets and analyst Martin Utschneider from Finanzethos also sees an upward trend that is still intact and summarized: “The Dax is taking a breather, but is not falling.”
For Thomas Altmann, Portfolio Manager at QC Partners, the question is:…
