The German stock market has followed the overseas markets on Monday and has risen. In early trading, the DAX was up by 1.4 percent to 9,135.6 points and stopped for the time being his now for about five weeks continuous descent. The M-DAX gained 1.9 percent to 15,584.8 points and the Tec-Dax rose 2 percent to 1178.8 points. For the Euro Stoxx 50 was about 1.2 percent up.
On Friday, the Wall Street had already reacted with relief to signs that the situation in political trouble spots Ukraine and Middle East could calm down a bit. This morning came the Asian stock markets, so that they provided the template for the local market together with the American stock exchanges. Political unrest had last significantly dampened investor risk appetite. Since early July, the Dax lost around 1000 points and had reached its lowest level since October 2013 on Friday.
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Lufthansa from traffic numbers
At the market, especially those papers submitted to, who had suffered in the past time are very much under price drops. The shares of BASF, Continental, Daimler and BMW as posted on the Dax-peak gains of around 2 percent each. The Lufthansa titles won 1.6 percent. In the early afternoon, the airline will announce traffic figures for the month of July. RWE and German Telekom other hand, moving with each plus 0.1 percent at index end hardly budge.
In Tec-Dax the shares of the IT service provider and network operator QSC broke after initially introduced Quarterly Report by around 10 percent. QSC drove for a disappointing performance in the declared area of growth with information and communication technology during the past quarter of a loss and lowered the annual forecasts. Now, a program should be started to improve efficiency.
Bilfinger expected with expected weak balance sheet
How to put the construction and services group Bilfinger after the abrupt departure of CEO Roland Koch, a weak semiannual financial statement before. The stock could no longer harm this therefore. She started to relax and increased M-Dax liked by 5 percent. Had published a first profit warning since Bilfinger end of June and soon after a second one followed, the paper but also almost 40 percent has lost.
In the S-Dax jumped the tracks of C.A.T. Oil by nearly 11 percent high and benefited from reaffirmed annual goals. Because of the large uncertainty in the wake of Ukraine crisis and the potential impact the share price of the service provider in the oil and gas development business had gone in the past few weeks has come down significantly.
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