Germany Revises Growth Forecast; Commodities Up; Oil Down

Germany Stocks Climbed, DAX Led 0.70%

On Friday, August 13, German stock markets spiked as the DAX led gains to 0.70% and the MDAX Performance Index rose 0.12%. Also, European stocks mostly went up.

On the Frankfurt Stock Exchange, the DAX led the country’s gains as it smashed 0.70% with a net increase of $111.42. This sent the stocks above at $15,938 per share.

Its best performers include Deutsche Telekom AG, which jumped 2.80% or 0.50 points to $21.60 per share.

Then, Merck KGaA rose 1.94% or 3.65 points to $224.93 per share. Also, SAP DSE hopped 1.73% or 2.14 points to $147.80 per share.

Its worst performers were Delivery Hero SE which crashed 7.58% or 9.55 points to $136.65 per share.

Henkel AG & Co KGaA Pfd followed as it lost 1.56% or 1.38 points to $102.20 per share. Then, RWE AG dropped 1.15% or 0.36 points to $36.39 per share.

Moreover, Germany’s MDAX Performance Index soared 0.12%, with a net gain of $44.18. This sent the stock higher to $35,804 per share.

Its top performers were Evotec SE which progressed 4.39% or 1.70 points to $47.47 per share.

Then, Zalando SE advanced 2.22% or 2.00 points to $108.00 per share. The same with the TeamViewer AG, which enhanced 1.81% or 0.50 points to $32.99 per share.

On the other hand, its bottom performers include K+S AG, which decreased 7.90% or 1.03 points to $14.10 per share.

Varta AG followed as it subsided 6.72% or 10.95 points to $178.56 per share. Then, Cancom SE slipped 5.29% or 3.00 points to $53.76 per share.

Europe Stocks Mostly up As Germany Rose

Furthermore, London’s stock market crashed, unlike Germany’s increase.

The FTSE All-Share Index fluctuated 0.27%, with a net loss of $11.39. This sent the stock to the bottom at $4,132 per share.

Consequently, the FTSE 100 Index plummeted 0.37%, with a net decline of $26.91. This sent the stocks below at $7,193 per share.

M&G PLC led the benchmark’s losses as it sank 3.00% or 6.90 points to $308.19 per share.

Just Eat NV followed as it shrank 2.71% or 170.00 points to $8,427.92 per share.

Additionally, InterContinental Hotels Group PLC slipped 1.96% or 93.00 points to $4,649 per share.

On the other hand, the CAC 40 index in the Paris Stock Exchange rallied 0.36% with a net addition of $24.48. This sent the stock up at $6,882 per share.

Read also: FinancialCentre Review | Is it a good Forex broker?

User Review
0 (0 votes)


Leave a Reply