Stock Market: Volkswagen and BASF Shares Gain Ground in the DAX, Gold Price Rises
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Gains at Volkswagen, SAP, and BASF supported the German benchmark index, which nevertheless closed slightly lower. Rheinmetall was the worst performer in the DAX. Study results from Moderna triggered a surge in the biotech sector. The price of gold rose significantly.
The DAX declined on Wednesday. At the close of Xetra trading, the index stood at 26,091 points, a decrease of 0.1 percent compared to the previous day's close. The DAX fluctuated around Tuesday's closing level throughout the day. Until shortly before the end of trading, shares of Volkswagen, SAP, and BASF led the gainers. Rheinmetall and Infineon shares were the worst performers. The currently very high yields on 30-year US Treasuries are incre…
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