Frankfurt stocks outlook: Dax targets 14,000 point mark again | 02/23/21

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FRANKFURT (dpa-AFX) – After the recent setback to just over 13,800 points, the Dax (DAX 30) should target the round mark of 14,000 points again on Tuesday.  The  “nervous back and forth” continues, explained portfolio manager Thomas Altmann of QC Partners, the ups and downs on the stock market since the German stock market barometer reached a record high of 14 169 points two weeks ago and then no longer took a clear direction. “© www.de24.news

 The  bulls are looking to the post-Covid-19 future, and the bears are seeing the risks such as ongoing lockdowns and rising interest rates.”

Almost three quarters of an hour before the Xetra start, the X-Dax, as an indicator for the leading index, signaled an increase of 0.2 percent to 13,976 points. © www.de24.news

 The  leading Eurozone index EuroStoxx 50 (EURO STOXX 50) is also expected to show moderate gains on Tuesday.

© www.de24.news

 The  losses on the US stock exchange Nasdaq, which is mainly stocked with technology stocks and which also dragged down the market-wide S&P 500, call for caution. Market strategist Michael McCarthy from CMC Markets believes that the problem is not so much the immensely high valuation level as it has been for some time, but rather the rise in interest rates. A rethink is taking place: stocks in companies with high debt loads or long-term growth bets without positive results are particularly vulnerable, according to him.

In the Dax, the focus on this day is mainly on the shares of the hospital and medical technology company Fresenius (Fresenius SECo) and its dialysis subsidiary FMC (Fresenius Medical Care). Both have submitted their annual figures and want to reduce costs because of the stresses caused by the corona pandemic. Before the trading session, the Tradegate trading platform fell for Fresenius by around two percent compared to the Xetra market close the previous evening. FMC, however, increased moderately.

© www.de24.news

 The  plastics group Covestro and the building materials manufacturer HeidelbergCement also came up with numbers. Covestro expects profits to rise in the new year and is also changing its dividend policy. For his distributions he now wants to orientate himself on the amount of net profit. © www.de24.news

 The  payout ratio will in future be between 35 and 55 percent of the group result. © www.de24.news

 The  shares reacted to Tradegate with a price premium of just under one percent.

HeidelbergCement (HeidelbergCement) closed the year 2020, which was marked by the corona crisis, slightly better than expected thanks to its austerity course. In addition, the Dax group is confident for 2021. Tailwind is also expected due to the numerous infrastructure programs around the world.

Some companies from the second row also submitted their annual reports: For example Scout24, Befesa, JOST Werke and the investment company INDUS, which announced that it had achieved its goals for 2020 despite significant corona pollution according to preliminary figures. © www.de24.news

 The  operating result hit the recently raised forecast range. © www.de24.news

 The  medium-term goals were confirmed. © www.de24.news

 The  online marketplace Scout24, which got through the Corona year 2020 well, wants to continue to benefit from the real estate boom./ck/mis

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Frankfurt stocks outlook Dax targets point mark

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