FRANKFURT / LONDON (IT BOLTWISE) – The DAX recorded slight gains in the middle of the week, while Hugo Boss shares fell sharply after disappointing forecasts. Investors are concerned about the future development of the fashion company, which does not expect an improvement until 2027. At the same time, other industries benefited from positive analyst comments and growth targets.
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The German stock market showed a slight recovery in the middle of the week, with the DAX rising by 0.3 percent to 23,780 points. This development continues the recent sideways movement of the leading index, which has remained in a narrow trading range for months. Analysts are increasingly expressing doubts about a possible year-end rally as there is a lack of fresh capital to free the DAX from its current range between 23,000 and 24,800 points.
The fall in price of Hugo Boss shares was particularly noticeable, falling by almost 11 percent. The fashion group had announced that sales and operating profit could fall by 2026, which unsettled investors. An improvement is only expected for 2027, which increases the uncertainty about the company’s short-term development.
In contrast, Airbus shares rallied 3.8 percent despite the company cutting its aircraft delivery target this year. This adjustment was expected given technical problems with software and fuselage parts. The positive reaction from investors shows that market participants remain positive about Airbus’ long-term prospects.
The semiconductor industry also benefited from the strong growth targets of the US company Marvell. This led to a 2.9 percent increase in Infineon shares. The shares of equipment suppliers such as Aixtron and Suss Microtec were even more sought after, increasing by 4.2 and 7 percent respectively. Analyst commentary also played a role in share price performance, as seen in Morgan Stanley’s upgrades of Eon and Bayer.
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