FRANKFURT (Dow Jones ) – The German stock market, the prices can on Thursday recover for the start of trading . The DAX gaining to 9.25 clock 0.6% or 36 to 6245 points . (Photo : German Stock Exchange)
"This is at first only a backlash to the backlash , "said one trader. On Wednesday , the DAX by just over 1 % had dropped . On Wall Street , the courses have in the late business but somewhat detached from the lows that supports the mood. In Asia, major markets are closed for holidays.
" expected With rates to 6200 points as early as Wednesday and Friday buyers come to the market up is at 6,300 points the lid on it , " the dealer says with regard to the DAX.
New impetus could come in the afternoon from the weekly data on U.S. labor market and existing of the sales homes. In Germany, the retail association gives its views on the prospects , in addition to purchasing managers’ indices published.
The interest in trade depends mainly on the progress of the capital of Deutsche Bank. The price gains 0.9% to 41.40 EUR , also dealer talk of a recovery. The analysts at Credit Suisse withdrew its price target to 66 EUR from 74 EUR , also because of rights discount.
BASF move to the positive statements on the business development of Wednesday afternoon by a further 1.4 % to 46.21 EUR . Bayer to increase by 1.3% to 51.43 EUR .
Next also mentions after the recent statements of Deutsche Bank, Infineon and BASF for the third quarter and to full year put the market on other water levels of companies before the start of the quarterly reporting season . "
In the second set losing Heidelberg 1.9% to 3.39 EUR on Thursday end of rights trading . ProSieben win 4.3% 17.08 EUR after analysts at Commerzbank have increased the stock to "buy "from " Add " . Cable Germany Laying by 1.6 % to 26.94 EUR , in this case , the analysts at HSBC price target to 32 EUR increases from 29 EUR . The MDAX gaining 0.4% and TecDAX 0.3%.
– By Herbert Rude, Dow Jones Newswires , +49 ( 0) 69-2925217 ,
herbert.rude @ dowjones.com
DJG / hru / bek / gei / ISj