The German stock market, which was recently burdened by interest rate concerns, rose significantly on Monday. The Dax closed 1.13 percent higher at 15,381.43 points, at times it rose by almost 1.8 percent. On Friday, the Dax had lost around 1.7 percent and also posted a loss of the same amount the previous week. The MDax of medium-sized stocks gained 0.89 percent on Monday to 28,678.93 points.
The German stock market, which was recently burdened by interest rate concerns, rose significantly on Monday. The Dax closed 1.13 percent higher at 15,381.43 points, at times it rose by almost 1.8 percent. On Friday, the Dax had lost around 1.7 percent and also posted a loss of the same amount the previous week. The MDax of medium-sized stocks gained 0.89 percent on Monday to 28,678.93 points.
Economic data from the USA provided a positive impetus, temporarily easing concerns about a more rigid US monetary policy. Durable goods orders fell more than expected in January, giving an indication of companies’ propensity to invest.
Source: Stern
