He sFrankfurt elective closed yesterday with a slight rise, driven by the bullish trend of Wall Street, but investors are wary because central banks may raise interest rates further and push economies into recession.
(See: Grupo Argos approved the exchange of shares of Grupo Nutresa).
The DAX 40 index gained 0.21% on Tuesday, up to 15,847 points, while the technological TecDAX index lost 1.16%, up to 3,097 points. The Frankfurt selective ended a downward streak of six consecutive negotiations. The last time there was a longer series of falls was in February 2022.
The president of the European Central Bank (ECB), Christine Lagarde, stated at the Sintra central banking forum that there will be a new rise in interest rates in July and? “It is unlikely that the central bank will be able to state with full confidence that interest rates have peaked in the future.”
positive data of lThe US economy pushed up equities. In Frankfurt, health technology and pharmaceutical stocks fell and banks and real estate rose.
(See: Wall Street ended in the red hit by the technology sector).
The supplier of laboratory equipment Sartorius it fell 5.1%, to 292 euros, and the pharmaceutical company Merck fell 3.5%, to 147.2 euros, while el Provider of molecular diagnostic technologies Qiagen it yielded 2.2%, up to 40.5 euros.
Siemens Energy recovered 2.3%, up to 14.7 euros, after having fallen 2% on Monday and having plummeted 37% on Friday, after withdrawing its profit forecasts for this year due to Gamesa’s problems. commerzbank won 2.1%, up to 10 euros, and Vonovia real estate rose 2%, up to 17.5 euros.
(See: ABC of the business for which Grupo Éxito would change owners).
EFE
