Stocks on the DAX index experience a rise following the Federal Reserve's decision; notable companies such as BASF, Commerzbank, Delivery Hero, DWS, Krones, Puma, and Continental see a decrease in their share prices.
The German benchmark index, DAX, will consist of 41 companies today following the spin-off of Aumovio car division from Continental. This spin-off, which is a significant event in the automotive sector, combines strong automotive technology expertise with a clear focus on future mobility innovations.
Aumovio, set to become an independent company in September 2025, boasts a solid financial base of €1.5 billion cash plus a €2.5 billion credit facility. It was successfully listed on the Frankfurt Stock Exchange with a market capitalization of about €3.5 billion. JPMorgan has given Aumovio an "Overweight" rating with a target price of €52, highlighting its strong position in automotive components and promising growth and margin targets. As a result, Aumovio has become a key focus for investors looking for growth in the automotive technology sector.
Meanwhile, the US Federal Reserve's decision to cut interest rates by 25 basis points is providing support, contributing to the DAX's upward trend on Thursday. However, this interest rate cut is not directly related to the conflict of interest disclosure.
Investors are closely watching BASF, Commerzbank, Delivery Hero, DWS, Krones, Puma, and Continental today. The focus on these companies is not directly related to the conflict of interest disclosure either.
Bernd Fötsch, the board and majority shareholder of Börsenmedien AG, holds direct and indirect positions in financial instruments related to BASF, Commerzbank, and Puma. His positions in these financial instruments could potentially benefit from the price development resulting from the publication. However, it is important to note that Bernd Fötsch's positions in these companies were not previously mentioned as part of the DAX index focus.
The spin-off of Aumovio car division from Continental is still in focus today, but no conflict of interest regarding Continental was disclosed in this paragraph. The publication is related to companies mentioned in the DAX index, including BASF, Commerzbank, and Puma.
Investors are particularly watching the spin-off of Continental’s Automotive group sector, which will become the independent company Aumovio, due to its promising growth prospects and strong position in the automotive technology sector.
