Last week’s losses on the German stock market gave buyers access on Monday. The leading index Dax temporarily jumped the hurdle of 15,900 points again. Then profits crumbled a little. In the morning it last increased by 0.45 percent to 15,878.79 points.
Last week’s losses on the German stock market gave buyers access on Monday. The leading index Dax temporarily jumped the hurdle of 15,900 points again. Then profits crumbled a little. In the morning it last increased by 0.45 percent to 15,878.79 points.
The MDax rose 0.51 percent to 35,845.77 points. The leading Eurozone index EuroStoxx 50 gained 0.62 percent to 4173.34 points.
Last week, in addition to worries about ongoing supply chain problems, fear of an imminent end to the cheap money policy of the US Federal Reserve (Fed) had temporarily pushed the Dax to almost 15,600 points. On Friday, however, it was already on the road to recovery a little later in trading.
Voices from the ranks of the Fed that in view of the rampant delta variant of the coronavirus a hasty reduction in bond purchases to support the economy should be reconsidered, supported sentiment on the stock markets. In the USA they finally gained on Friday and on this Monday morning the Asian stock exchanges were also friendly.
Given the previous uncertainties, investors are looking at sentiment data from the industrial and service sectors in the euro zone.
Looking at the corporate side, auto values rebounded. In the Dax, the Daimler shares were favorites with plus 2.0 percent. BMW, VW and also the papers of the supplier Continental gained between 1.1 and 1.7 percent. The entire industry had suffered heavy losses since mid-August.
In the SDax, Vossloh won the top 2.8 percent. A buy recommendation from the Metzler bank gave the railway technology company’s paper a boost.
Otherwise there was minor, but hardly any price-moving news. Aurubis CFO Rainer Verhoeven told the business newspaper “Euro am Sonntag” that the copper group wanted to continue growing through acquisitions, especially in the recycling business. The fiscal year targets were also confirmed. In the MDax, the share was in line with the market with a plus of 0.5 percent.
Grenke is selling its stake in the fintech company Viafintech. The stake of 25.01 percent in the provider of digital payment infrastructure goes to the Austrian Paysafecard Wertkarten GmbH at a price in the lower double-digit million euro range, the leasing specialist announced on Sunday.
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.
