The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt Even the temporarily higher oil price did not throw the German stock market off course on Tuesday. On the contrary: the leading index Dax was able to expand on the gains of the morning. Most recently, the leading index rose by 2.1 percent to 14,721 points. This more than made up for losses after Russia’s invasion of Ukraine.
The rally is mainly supported by consumer and auto stocks. The winners of the day included the former Corona profiteers Delivery Hero with plus 8 percent and Hello Fresh, whose papers increased by 3.2 percent.
The two recently very weak stocks received a boost from an analyst study by the French investment bank Exane BNP. But Continental, Porsche, BMW and VW were also in the top group with increases of three to five percent.
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