The situation was similar for the mdax mid-cap index, which ultimately rose by only 0.30 percent to 25 percent.565.31 points dropped.
The only thing that eased the tensions in late trade were statements by U.S. President donald trump, who once again raised hopes of an end to the U.S.-china trade dispute. He also denied the accusation that he had asked his ukrainian counterpart volodymyr selenskyj in a telephone conversation to initiate investigations to the detriment of joe biden. Biden is the most promising democratic presidential contender for the 2020 election. These are now preparing for impeachment proceedings against trump.
"The stock market is becoming increasingly grim," commented the authors of the daily bernecker-borsenbrief. After the "joyous" mood of the past few weeks, weak european purchasing managers’ indices on monday triggered the current poor sentiment. Although the major central banks were taking steps to counter the less than encouraging economic outlook with a more relaxed monetary policy. The truthers, however, had to be "increasingly careful not to become driven by the market".
Europe’s stock markets were also in a selling mood: the euro zone’s leading index, the eurostoxx 50, lost 0.54 percent to 3513.03 numer. In paris, prices also fell, while the market in london closed almost unchanged. Meanwhile, the leading new york index, the dow jones industrial, was half a percent firmer at the end of european trading.
On the german stock market, pfeiffer vacuum was another company to lower its annual targets – for the second time in two months. With a slump of around 21 percent, the shares of the vacuum pump manufacturer were the worst performer in the sdax small cap index.
On the dax, continental did comparatively well with a minimal price gain. The auto supplier and tire manufacturer plans to defy the sector crisis with job cuts and cost reductions.
In view of the change of leadership at the ailing industrial and steel group thyssenkrupp, a slightly positive interpretation finally prevailed: the shares, which had been relegated to the mdax, closed moderately higher. CEO guido kerkhoff to leave after just one year in office, according to mabb’s supervisory board. The helm is now to be taken over temporarily by the current chairwoman of the supervisory board, martina merz.
Mdax leader was osram with a share price increase of over two percent. The takeover battle for the lighting specialist continues: financial investor bain capital now wants to outbid the semiconductor group AMS with financial investor advent as a new partner.
Headlines were also made by the rough german technology borsengang since the bursting of the dotcom bubble at the turn of the millennium. However, the shares of teamviewer, a manufacturer of software for computer remote maintenance and video conferencing, disappointed on their first day of trading: the closing price of 25.30 euros was well below the issue price of 26.25 euros.
In the bond market, the yield on circulation fell from minus 0.56 percent to minus 0.60 percent. The rex index rose by 0.11 percent to 146.14 points. The bund future lost 0.44 percent to 174.07 numerator. The euro exchange rate fell to 1.0943 U.S. Dollars the european central bank (ECB) had previously set the reference rate at 1.0982 dollars.