Frankfurt shares close: Dax stagnates – Airbus again brings up the rear

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FRANKFURT (dpa-AFX) – The attempt at a recovery on the German stock market fizzled out again on Wednesday. After initial gains, the leading index Dax turned negative in the late afternoon. The uncertainty surrounding the upcoming quarterly reports in the USA and the approaching election to the French National Assembly deterred investors from buying shares. The French stock market index Cac 40 fell more sharply than the Dax. The euro also came under renewed pressure.

The Dax closed 0.12 percent lower at 18,155.24 points. In the meantime, it only just avoided falling below the 18,000-point mark. The MDax of medium-sized companies lost 0.52 percent and closed at 25,335.92 points.

As on the previous day, Airbus was the biggest loser in the Dax, falling by 2.8 percent. The aircraft manufacturer had informed airlines that the delivery of ordered aircraft could be delayed over the next two years, the Bloomberg news agency…

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