Dax stable at 15,450 points

Frankfurt The German stock market was stable on Thursday afternoon. The Dax is around 0.2 percent down at 15,450 points. Munich Re, RWE, Fresenius, FMC, Hannover Re and Sartorius are among the winners with a price increase of more than one percent

These also cover the strong loss of around five percent in BASF shares. The chemical company announced early in the morning that it was ending its share buyback program early. In addition, after a significant drop in earnings last year and the high burden of the energy crisis, the company is cutting 2,600 jobs worldwide – a large part of which is in Germany. For the current year, BASF is preparing for a further decline in earnings.

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