Surprisingly Comeback : The Dax puts too strong. Source: Reuters
HB FRANKFURT. After drastic price losses of the past week on Tuesday , some investors have again access to shares. The Dax gained 1.8 percent to 5925 points and made it about half the loss of competitive since the beginning of last week . To peak in the afternoon , only five points were missing up to the mark of 6000 points. "We are here to experience a strong technical reaction, " said market analyst Christian Schmidt of Helaba. "Great confidence I place in this backlash , however, does not . Because the sales are on a terribly low level. "
New impetus is coming from the U.S.. The growth of U.S. service in June unexpectedly lost a lot of pace. The highly regarded in the financial services index of the Institute for Supply Management ( ISM ) fell to 53.8 from 55.4 points in May, the institute announced on Tuesday. Analysts polled by Reuters had forecast on average a decline to 55.0 points. This was the barometer , but already the sixth month of the growth threshold of 50 points . The euro rose after the data on $ 1.26 .
The company made especially to create a weaker new business: Although the orders to put on, but so weak not seen since December. From abroad, the companies had even started, back in February fell to cope with the orders. As a result, the company built back from places.
Among the most prominent figures at the German stock market SMA Solar, who shot to an increase in sales and earnings forecast for 2010 up to 23.45 percent to 20.445 € up. Thus the title in the whole TecDax went with the top. In the lee of SMA placed above all other tracks to the Solar Industry: Solar World increased by five percent, QCells – six percent , Centrotherm by 3.9 percent.
In Dax ‘s shares were Infineon after optimistic statements of the Group with a premium of just under five percent to 4.99 euros at the top. The smart card business set to gradually catching up , had said division chief Helmut Gassel the " Handelsblatt ". Bank of America / Merrill Lynch downgraded Infineon Traders found to be high on the "neutral "from" Underperform . "
In the wake of rising commodity prices and the overall positive market sentiment in Europe steel stocks were in demand. The shares of the world’s largest steel group ArcelorMittal goods rose by 6.3 percent. Thyssen Krupp gained 4.7 percent in Frankfurt . Klöckner & Co and Salzgitter were up 6.7 and 4.5 percent.
With a strong demand investors also reacted to a higher forecast for the year , the travel and shipping group TUI gave for its container area. The book shot up by over ten percent up to 7.65 € and consequently led to the Small Cap index MDAX . In tow also benefited the shares of competitors AP Moller- Maersk and rose by 3.5 percent.
The focus of many investors remained BPShare. The oil company sources said started looking for a strategic investor contact with several state funds in the Middle East and Asia. Similar media reports over the weekend had already on Monday , the demand for the fallen heavily in value BPShare rekindled . On Tuesday afternoon, the titles were in the plus 2.3 percent .