The German index closed 0.60 percent lower at 10,978.01 points, after being
had finally made the leap to the profit zone on Tuesday. The MDAX, the index of medium-sized values fell midweek by 1.03 percent to 19,520.13 points, and the TecDax was by 0.84 per cent to 1626.40 points after.
The hopes for a rapid compromise in Greek debt dispute fall further. EU High Representative screwed the expectations of a meeting of euro zone finance ministers on Thursday significantly down because new austerity and reform proposals from Athens were missing.
The US Federal Reserve is to almost unanimous assessment by economists at its meeting not raise interest rates. The Fed will also be careful not to send out clear signals too for their further course, which in turn should leave room for interpretation, wrote Postbank. According to Fed chief Janet Yellen rate hikes, however, are starting this month at each meeting possible.
At the end of the DAX Lufthansa papers tied in their recent losses and fell by nearly 2 percent. The shares in automotive supplier Continental losing about 1.82 percent. Even European stocks were shunned from this industry.
Among the biggest winners, however, were among Linde and the German Telekom. The industrial gas producer Linde makes for a sedate start to the year hoping for better business. “The second quarter has been better – that we saw in April and May,” said company CEO Wolfgang Büchele the “Financial Times”. He hopes to further new business abroad. Linde shares rose on the index peak of just under 2 percent.
In the takeover poker to the Deutsche Telekom subsidiary T-Mobile US and the US cable giant Comcast wants a report, to play. The Telekom is in sale talks with the cable group, wrote the “Manager Magazin”, citing several insiders. The T shares rose by around 1 percent.
The top place in the MDAX conquered the shares of Südzucker for better prospects in the subsidiary CropEnergies. Increased biofuel prices make the company after a weak year hope. Südzucker shares continued at a price premium of around 4 per cent continued their upward trend begun in April. For CropEnergies title it went up by as much as more than 13 percent.
The euro zone benchmark index Euro Stoxx 50 fell by 0.73 percent to 3428.76 points. The Parisian benchmark index yielded even more significant, whereas the FTSE 100 closed only moderately in London in the red. The US Dow Jones, however, barely moved from the spot.
On the German bond market, the yield on listed Federal securities rose from 0.62 percent the previous day to 0.64 percent. The bond index fell by 0.09 percent to Rex 138.19 points. The Bund future was by 0.22 percent to 151.40 points. Increased the rate of the euro. The European Central Bank put the reference rate at 1.1279 (Monday: 1.1215) fixed US dollar. The dollar cost order 0.8866 (0.8917) Euro.
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