The good mood on the Asian stock exchanges also supported the German stock market on Monday. The leading index Dax rose by 0.61 percent to 15,937.30 points, almost completely making up for the losses it suffered on Friday.
The good mood on the Asian stock exchanges also supported the German stock market on Monday. The leading index Dax rose by 0.61 percent to 15,937.30 points, almost completely making up for the losses it suffered on Friday.
The MDax for medium-sized titles rose by 0.72 percent to 28,013.23 points on Monday. The Eurozone leading index EuroStoxx 50 rose by 0.75 percent.
Capital market strategist Jürgen Molnar from the trading company Robomarkets wrote that speculation about an end to interest rate hikes in the USA after the rather mixed US labor market data had pushed the markets up in Asia. In addition, the tense Chinese real estate sector is sending slight signs of relaxation. According to media reports, the project developer Country Garden has received a payment moratorium from the creditors. First of all, the threat of the crisis spilling over into the financial sector was pushed back a bit.
Despite the price gains at the beginning of the week, the Dax continues to move in its proven “ping-pong zone” between 15,750 and 16,000 points, Molnar continued. “There is simply a lack of the necessary impetus to lift the index from this anchoring.”
Among the biggest winners in the Dax, Siemens shares rose by 1.8 percent after a positive analyst comment. The expert Nicholas Green from Bernstein Research advises in the current environment to rely on companies that are active in the fields of electrical engineering as well as automation and software. This is where Siemens is most widely positioned.
After a stake increase by the major shareholder Klaus-Michael Kühne, the shares of the chemicals dealer Brenntag went up by a good one percent. Brenntag’s management is under pressure from activist investors who favor splitting up the group. As a reaction to this, Brenntag initially wants to set up the two divisions Essentials and Specialties more independently.
The shares of Borussia Dortmund dropped by around five percent and were thus the clear bottom of the small-cap index SDax. At the weekend, BVB gave up a victory they thought was certain against promoted team 1. FC Heidenheim and slipped down to ninth place in the Bundesliga table.
Source: Stern
