The prospect of further easing in Germany and the associated hope that the economy will pick up again initially put investors in a good mood. The leading German index climbed to 14,197 points – higher than ever before. But weak labor market data from the USA ensured a subdued start of trading in New York. And that also clouded the mood here. The DAX landed at least 0.3 percent plus at 14,080 points.
Sell-out in tech stocks
On the stock markets in New York, the losses grew bigger and bigger in the evening. Investors cashed in on the tech stocks that recently performed particularly well. The Nasdaq fell 2.7 percent. The Dow Jones fell almost half a percent. The euro is weak in the evening: it fluctuates around 1.2065 dollars.
Siemens Energy shares in the DAX in future
Shortly after trading closed in New York, it became known: the energy company Siemens Energy is moving up in the DAX and will replace Beiersdorf in just under three weeks. This was announced by Deutsche Börse. Index changes are particularly important for funds that precisely replicate indices. There must then be reallocated and reallocated accordingly, which can have an impact on the share price. The next Dax reorganization is due in around six months. Then the leading index will be expanded from 30 to 40 values.
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