Stock exchange in Frankfurt: Slight losses for German shares at the start of trading

After a friendly start to the week, the Dax fell slightly on Tuesday.

Stock exchange in Frankfurt: Slight losses for German shares at the start of trading

After a friendly start to the week, the Dax fell slightly on Tuesday. The leading German index fell in early trading by 0.43 percent to 13,629.44 points. The day before, it had increased by 0.8 percent. The MDax of medium-sized companies fell by 0.32 percent in the morning to 27,761.75 points. The Eurozone leading index EuroStoxx 50 lost 0.33 percent to 3744.65 points.

The market focused on numerous other companies with quarterly reports and updated statements for the full year. The world's largest reinsurer Munich Re reported mixed numbers for the second quarter. The shares reacted in the Dax with price gains of 0.7 percent. At the top of the index, Airbus shares rose by 0.8 percent. The world's largest aircraft manufacturer delivered significantly fewer machines in July than in the month before due to bottlenecks at suppliers, but at the same time received orders for 401 new machines.

For the papers of the car supplier and tire manufacturer Continental, however, it went down by 2.4 percent at the end of the Dax. Due to increased costs and depreciation in the second quarter, the company from Hanover slipped into the red. Confidence is being spread for the second half of the year, not least because of the high order intake in the automotive supply sector. The outlook for the year as a whole was confirmed.

After a strong annual report for the second quarter, the airport operator Fraport increased its annual forecast for passenger numbers and profit in day-to-day business. That boosted its shares, which took the lead in the MDax. According to detailed quarterly figures, Scout24 remained unchanged.

In the SDax, the shares of the photo service provider Cewe increased by 1.3 percent after quarterly figures were slightly better than expected.

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