FRANKFURT / LONDON (IT BOLTWISE) – The DAX was cautious on Tuesday, while other global markets benefited from a record rally. Corporate outlooks and upcoming interest rate decisions by central banks are dampening investor sentiment. The shares of Symrise and Deutsche Börse are particularly in focus, while DHL Group is benefiting from positive forecasts.
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On Tuesday, the DAX was cautious on the German stock market, while other global markets benefited from a record rally. The leading index fell by 0.13 percent to 24,278 points around midday. This reluctance is due to partly disappointing corporate outlooks and the upcoming interest rate decisions by the central banks. In contrast, the stock market in New York rose in anticipation of an early agreement in the tariff dispute between the USA and China.
Capital market strategist Jürgen Molnar from broker RoboMarkets described the situation aptly: “The Dax is standing still while Wall Street is humming.” This divergence is also reflected in the MDAX, which stands for medium-sized stock exchange groups and was quoted on Tuesday with a slight increase of 0.07 percent to 30,161 points. The EuroStoxx 50, the leading index for the Euro region, lost around 0.2 percent.
In the current accounting season, the focus is particularly on the DAX companies Symrise and Deutsche Börse. While the shares of the Deutsche Börse fell by 1 percent, Symrise lost more than 4 percent at the end of the DAX. The manufacturer of fragrances and flavors is even more cautious about growth in the current year. In contrast, DHL Group shares benefited from a surprisingly positive sales forecast from the US logistics group UPS and rose by 1.5 percent.
Investors in Suss Microtec experienced a price debacle, with their shares falling by a fifth. After a surprisingly weak quarter, the semiconductor supplier lowered its margin expectations for the year as a whole. The financial service provider Hypoport also became more pessimistic and cut its sales forecast for the current year, which led to a share price decline of 5.7 percent. On the other hand, there was optimism for Nordex, the wind turbine manufacturer, which is expecting higher annual profits after a good quarter and whose shares rose by almost 17 percent.
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