Dax closes in the red – Which brands are important

Dusseldorf The recovery rally of the Dax continues to pause: the leading German index closes 0.6 percent weaker at 14,326 points on Monday.

The winners of the previous week were among the losers on the German stock market on today’s trading day: titles from the recipe box mail order company Hello Fresh, the food delivery service Lieferando and the online fashion retailer Zalando were sold, which increased by up to 14 percent in the previous week.

“After the recent price gains, there is a lack of optimism and follow-up buyers,” says Thomas Altmann, portfolio manager at asset manager QC Partners. Without this, further price gains are practically impossible.

According to Altmann, the problem is: “Without progress in the peace talks between Russia and Ukraine, this necessary optimism is hardly imaginable at the moment.” The current situation is now fully priced in. The rising oil price and rising bond yields are also having a negative effect. The two-year US Treasuries are yielding more than two percent interest for the first time since May 2020.