Dax continues recovery – bank shares continue to rise

Dusseldorf The leading German index continued to rise on Tuesday and was up 0.3 percent at 15,171 points. Already on Monday it was 1.1 percent higher at 15,128 points.

Among other things, the bank shares were decisive for the recovery: Deutsche Bank shares gained 6.3 percent, Commerzbank shares closed 3.6 percent in the plus. In the past week, Deutsche Bank papers had lost 15 percent at times, Commerzbank shares almost ten percent. “The banking crisis is taking a back seat, at least for the moment,” said Thomas Altmann, portfolio manager at asset manager QC Partners. “However, it remains to be seen whether that will be enough for a longer recovery on the stock market.”

On Tuesday, bank shares initially continued to rise, with Commerzbank shares gaining 0.8 percent. However, Deutsche Bank papers lose 2.1 percent after initial price gains,

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the

web and in our app.

Further

source site-13