FRANKFURT (Dow Jones) – Very firm , the German stock market went on Friday from trading . Again better Ifo business climate index and good economic data from the U.S. surprised the market participants who the day had started with skepticism. The DAX jumped during the day even the 6.300er mark and closed 1.8% or 114 points higher in 6298 . Have been implemented in DAX index of Xetra about 113.6 (Previous day : 117.9 ) million shares worth about 3.66 (previous day : 3.23 ) billion EUR . (Photo : Dt Stock Exchange. )
The business climate in Germany had brightened in September as a surprise. The Ifo index rose to 106.8 points, after the indicator had been in the previous month at 106.7 . Economists had the other hand, a slight decrease expected to 106.5 . The most important German economic leading indicator is thus still at the highest level since June 2007.
From the United States enjoyed the orders of long-lived assets. Although the orders were received in August decreased overall by 1.3%. Analysts had but expected already with a decline of 1 %, since there had been in orders for aircraft and cars fell . The more important and the market as crucial orders viewed ex transportation subject contrast by 2 %. "This is good data and the market is prepared to honor , "said one trader.
The U.S. new home sales were well received. The reported sales in August were up 288 000 close 295 000 to the expected worldwide. The previous month, July was but revised sharply to 288,000 upward , after he had previously stood at 276,000. "The soil formation in the U.S. market seems to be there , and more would not listen to the market too, " said another dealer. The view now is especially the ISM index in the coming week. In the evening, still talking several U.S. central bankers , including Fed Chairman Ben Bernanke.
Purchases " queerbeet "Merchant said in view of economically sensitive stocks. Cars , supplier and industrial stocks were high on the buy list. " was Particularly striking that everything went dormant on, " a trader said : "A sign that the stock rates of institutional be raised general at the car titles led MAN to the winners list, and jumped by 6.2 % to 80.89 . EUR . Nomura also had a price target of the share to 92 EUR increases from 84 EUR . Daimler rose by 4% , BMW by 4.3 % and VW to 2.5%.
In the chemical values BASF rose 2.8 % to 46.91 EUR , a transport value as Lufthansa was up 3.3% to 13.56 EUR . Also industrial average attracted strong , said Siemens by 3.7 % 79.28 EUR . Particularly high premiums observed in the small caps in the MDAX. This car suppliers such as Continental jumped by 6 % and ELRINGKLINGER 3.9% . EADS rose by 4% , Gildemeister by 3.7% and Tognum 3.5% .
adidas closed for good templates of U.S. rival Nike , with an increase of 5.4 % to 45.94 EUR . Nike quantified the increase in so-called "Future Orders, an indicator of the estimated future orders, to 10%. Very good business , especially in China and in emerging markets had gone . "These are also for adidas the main growth driver , " said one trader. The MDAX Puma benefited by 5.6% plus to 248.70 EUR .
Bad news could Merck KGaA the other hand, break by 10.2 % at EUR 63,00 . The " cladribine "tablets have been used to treat relapsing forms of multiple sclerosis, not by the European Medicines Agency EMA recommended for approval . Analyst Sebastian Frericks of Metzler Bank anticipates to this development with approval of the drug in the United States. The setback for Merck is huge because the company had placed much hope in " cladribine "said the analyst.
In addition, could Axel Springer still make a successful share placement . About the German Bank 5.48 million titles have been placed on the market. The final price was 92 EUR , the upper end of the bidding interval . Thus 16.6% of the Springer shares were placed , bringing the percentage of free float to 41 % from previously 24% . The shares closed even 0.3% higher smooth at 95 EUR .
DJG / mod / raz