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November 8, 2022
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The German stock market has devalued this year by 15%

The German stock market has devalued this year by 15%

The Frankfurt Selective it gained 0.55% this Monday, and has devalued 15% during the year.

This Monday, it rose driven by Wall Street and the increase in risk tolerance after China will signal that it will relax some restrictions applied to stop the pandemic.

(See: The Colombina company would sell one of its production plants).

The German stock market reached its lowest point on September 29 and since that day it has managed to recover 13%, after having devalued 25%, so far this year.
Also, the technological TecDAX it rose 0.54% to 2,850.34 points.

In addition, good figures from the German economy also boosted equities. The real production of the German manufacturing industry rose in September by 0.6% compared to the previous month and 2.6% in year-on-year terms.

Markets will pay attention to the mid-term elections in the US Plastics maker Covestro gained 3.2% to 36.46 euros; Volkswagen rose 2.5% to 136.36 euros, and the semiconductor manufacturer Infineon made it 2.2%, to 26.33 euros.

Fragrance maker Symrise lost 2.5% to €98.34; the supplier of technologies for molecular diagnosis Qiagen fell 2%, to 42.02 euros, and the real estate firm Vonovia yielded 1.6%, to 22.36 euros. E.On energy fell 1.3% to 8.59 euros, and RWE fell 1.2% to 38.58 euros.

(See: The Board of Success authorized the process of dematerialization of shares).

The other European markets closed this Monday with disparate trends, in an atmosphere of confusion before the mid-term elections on Tuesday in United States and by China’s health policy.

The bag of Madrid closed in green (0.25%), as well as that of Milan (0.9%).

the square of London, instead, it ended the session down 0.48% and that of Paris closed in balance

And the New York Stock Exchange ended in the positive this Monday, before the mid-term legislative elections in the United States, which could end the control of the Democrats in Congress.

The index dow jones gained 1.31%, the technological nasdaq succeeded 0.85% and the S&P 500 reached 0.97%.

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