DAX 40: the German stock market attempts a rebound

DAX benefits from better than expected European results

The German stock market has been trying to regain height since the beginning of the week by chaining a second session of increases on Wednesday. The DAX 40 benefited, like the other European indices, from the good results of European companies which momentarily took precedence over concerns related to rapid monetary tightening and the geopolitical situation.

Danone jumped 5.7% on the Paris Stock Exchange after a first quarter that beat expectations. Cosmetics giant L’OrĂ©al and global call center leader Teleperformance finished in the green thanks to higher quarterly revenues. ASML, up 5.3%, also did better than expected in the first quarter, leading the technology sector (+2.4%) which, along with finance (+1.18%), recorded a of the best performance. The results and forecasts of Heineken (+5.1%) and Just Eat Takeaway (1.9%) were also well received, unlike those of Credit Suisse, which said it expected a net loss in the first quarter. , and Siemens Energy (-1.5%), which revised its annual outlook.

The DAX also benefited from lower bond yields amid renewed uncertainty over the situation in Ukraine. Germany’s 10-year yield fell 7 basis points as Russian forces stepped up their offensive in Donbass on Wednesday, while the Ukrainian city of Mariupol withstood a new ultimatum from Moscow.

DAX daily price chart – key levels


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