After the losses on Friday and the negative balance of the previous week, the German stock market started the new week and the month of August with momentum.
After the losses on Friday and the negative balance of the previous week, the German stock market started the new week and the month of August with momentum.
Shortly after opening, the Dax was listed 0.68 percent higher at 15,650.44 points. On Friday, the leading German index had lost around 0.6 percent and on a weekly basis around 0.8 percent. The MDax of the medium-sized values rose on Monday morning by 0.65 percent to 35,377.08 points. The leading Eurozone index EuroStoxx 50 gained around 0.9 percent.
Good input came from Asia, where the stock exchanges have noticeably recovered from their Friday taxes. Fresh economic data from Germany also provided positive impetus. The new stock market week is likely to be shaped by the company’s quarterly reporting season, which has got underway.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
