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DAX To Slump On Jobs Data

Published 07/05/2017, 01:10 AM
Updated 03/09/2019, 08:30 AM

The German index, DAX, is looking to dwindle down on unchanged Eurozone unemployment rate; the blue chip stock has seen marginal movement yesterday on tremendous performance from the Construction, Basic Resources, and Insurance sectors. This is a bit of a refresher as tech stocks continue to take the back foot.

The recent data from the Eurozone unemployment rate were at 9.3%, unchanged and it matches the forecasts but analysts are speculating that the DAX will soon sink if the unemployment rate continues to be stagnant and unchanged.

DAX Up by 1.22%

The German index was clearing out this week’s way as it manages to climb by 0.55% on Monday; the MDAX was also surging yesterday as it trails behind’s DAX’s increase at 1.02%, and finally, TecDAX was also surfing the waves as it caught 0.87% increase yesterday.

Among the companies under the DAX, this bunch showed resilient on pushing the index on better figures yesterday; Thyssenkrupp AG O.N. (DE:TKAG). was one of the top performers with a whopping 4.92% increase on that session or 1.225 points to 26.100 trading. On the other hand, Commerzbank AG (DE:CBKG) O.N. also manages to outperform on the recent market, the financial institution manages to tally an increase of 4.27% or 0.445 points at 10.875.

Another financial institution was up yesterday, the Deutsche Bank (DE:DBKGn) was also scurrying behind the back of ThyssenKrupp and Commerzbank; it ended yesterday’s trading session with a massive 3.67% increase at 0.570 points to 16.095.

DAX Worst Performers

Even with the peak performances from the companies, some fluctuated on the bearish zone; Merck (NYSE:MRK) KGaA was one of the worst performers with a decrease of 0.71% or 0.75 points at 105.00, and Jenoptik AG (DE:JENG) was also amongst the worst performers with a decrease of 2.46% to 22.400. Lastly, Software AG O.N. (DE:SOWG) joins the two with a slump of 0.78% to 38.050.

MDAX Top Performers

Among the MDAX companies, K+S AG NA O.N. (DE:SDFGn). was the top performer amongst others, with a 3.57% increase on the latter trading to 23.220, Leoni AG (DE:LEOGn) was also trading a little bit higher at 3.48% at 46.645, and lastly, Bilfinger SE O.N. (DE:GBFG). was trailing behind with 3.016% at 35.350. The worst performer was LEG Immobilien AG (DE:LEGn) with a staggering 1.47% dip to 81.100 on the later trade.

TecDAX Top Performers

Nordex SE O.N. (DE:NDXG). was the best company on TecDAX, it manages to increase by a sizable amount of 5.53% to 11.350, Wirecard AG (DE:WDIG) was trailing right behind with a 3.02% increase at 57.400, and CompuGroup Medical AG O.N. (DE:COPMa) was also amongst the top performer with gains recorded at 2.32% at 50.270. The worst performer was Sim Solution, its loss as much as 2.78% to 37.43.

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