The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt Good mood on the stock market. Buoyed by another sharp drop in oil prices, the leading index Dax continues to expand its daily gains. In the early afternoon, the leading index was up 3.1 percent to 14,869 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 a plus of 10 percent and Hello Fresh, whose shares rose by 6.4 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 seven percent.
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