The Dax threatened to slip below the mark of 11,000 points again. The leading German index fell to 11,019 points in the first trading hour and was 0.45 percent down 11.040,15 points.
On a weekly basis, the barometer is thus still a good 1 percent plus, from his intermediate high on Thursday morning at 11,260 points, it has, however, again a long way away.
By contrast, the MDax for medium-sized companies advanced 0.23 percent to 23,984.52 points. The Eurozone leading index EuroStoxx 50 was up 0.06 percent.
In the US, Congress has now passed a budget law to avert a renewed „shutdown“ of parts of the US government.
While this is welcomed by market participants, their focus is now all the more on the recent round of talks between China and the US on the trade dispute, which is due to end on Friday. Investors worried about lack of progress, it said from the trade.
On the German stock market, Europe’s largest insurer Allianz expects no significant growth for 2019 after a profit increase in the past year. One trader said the 2018 numbers exceeded expectations, but the 2019 outlook is below. The Allianz papers were last unchanged.
The advertising company Scout24 want to take over the financial investors Hellman & Friedman and Blackstone and offer for 46 euros per share. The Scout24 price jumped 12 percent. Investors dare a second attempt: Scout24 had in mid-January, the then proposed price of 43.50 euros as inappropriate rejected. Now the new offer meets the support of the board.
With a significant minus of 3.7 percent suffered the papers of the online fashion retailer Zalando again under a negative analyst comment. Michelle Wilson of the Berenberg Bank cut her price target from 27 to 14 euros and continues to recommend for sale.
Stocks from the automotive sector were weak. Economic concerns and the uncertain outcome in the US-Chinese customs dispute are onerous, dealers said. In the Dax Continental, Volkswagen, BMW and Daimler lost between 1 and 2 percent.
