The Dax paid tribute to its last good run on Monday. At first it was no longer able to reach the record high reached before the weekend, and the unresolved US debt dispute is proving to be a brake. At the close of trading, the leading German index fell by 0.32 percent to 16,223.99 points. On Friday he had reached the highest level in his history with 16,331 points, but then fell back a little. The MDax of medium-sized stocks lost 0.20 percent on Monday to 27,584.27 points.
The Dax paid tribute to its last good run on Monday. At first it was no longer able to reach the record high reached before the weekend, and the unresolved US debt dispute is proving to be a brake. At the close of trading, the leading German index fell by 0.32 percent to 16,223.99 points. On Friday he had reached the highest level in his history with 16,331 points, but then fell back a little. The MDax of medium-sized stocks lost 0.20 percent on Monday to 27,584.27 points.
On Europe’s stock exchanges, the leading euro zone index, the EuroStoxx 50, fell by 0.22 percent to 4385.63 points. Paris also fell moderately, while the trading center in London closed slightly higher. In the US, the Dow Jones Industrial fell slightly at the close in Europe, while the Nasdaq technology exchange posted moderate gains.
Brenntag lost 1.4 percent among the weakest values in the Dax. The British bank Barclays had lowered the thumb for the shares of the chemicals trader because of a high valuation compared to the industry. The winner of the day in the leading index was Commerzbank with a plus of 2.4 percent.
Fraport gained three percent at the top of the MDax. The airport operator had decided to buy back shares for an employee participation program. Gerresheimer shares climbed to a record high to end trading up 2.7 percent. The experts at the French investment bank Kepler Cheuvreux still have a lot of confidence in the special packaging manufacturer’s paper. On the other hand, the shares of the food delivery service Delivery Hero were weak at minus 6.2 percent.
Away from the important German stock indices, the shares of Borussia Dortmund jumped to their highest level since September 2021 and closed with a gain of a good 16 percent. The football club overtook record champions Bayern Munich in the table on the penultimate day of the Bundesliga match and now has the best chance of winning the championship.
The euro last cost 1.0803 US dollars. The European Central Bank (ECB) had fixed the reference rate in the afternoon at 1.0822 (Friday: 1.0808) dollars, the dollar cost 0.9240 (0.9252) euros. On the bond market, the current yield fell from 2.47 percent on Friday to 2.43 percent. The Rex pension index rose by 0.10 percent to 125.75 points. The Bund future was unchanged at 134.00 points.
Source: Stern
