The Dax rose on Monday and regained the 16,700 point mark. The predominantly friendly US stock markets provided a boost. The leading German index ended trading on the stock exchange with an increase of 0.74 percent to 16,716.47 points. The MDax of medium-sized stocks gained 0.99 percent to 26,316.35 points. Profits were also recorded across Europe.
The Dax rose on Monday and regained the 16,700 point mark. The predominantly friendly US stock markets provided a boost. The leading German index ended trading on the stock exchange with an increase of 0.74 percent to 16,716.47 points. The MDax of medium-sized stocks gained 0.99 percent to 26,316.35 points. Profits were also recorded across Europe.
As long as the DAX does not fall below last week’s low point of just under 16,450 points, “the recovery could continue and turn into a rally again above 17,000 points,” expects Konstantin Oldenburger, market analyst at broker CMC Markets. The most important news event of the week will be the release of US inflation for December on Thursday. With this further indication of the future development of key interest rates, the rally, which has recently stalled, is facing its next test, according to Oldenburger.
Expectations of rapid key interest rate cuts by the US Federal Reserve and the European Central Bank (ECB) this year have recently fallen somewhat. After the year-end rally, market participants have to come to terms with the fact that the record high of just over 17,000 points reached in December has been somewhat lost sight of in the Dax.
Airbus shares were among the top values in this country this Monday, with a plus of 2.6 percent in the Dax. They benefited from a temporary take-off ban for Boeing 737-9 Max aircraft. The US competitor is currently in the spotlight because of a cabin part that was torn off during a flight.
The Zalando shares, which were still weak in the morning, managed to turn positive during trading. They ultimately increased by 1.5 percent. In the morning they were a little closer to their record low from autumn 2014. At that time, shortly after the Internet fashion retailer’s IPO, that was a good 17 euros.
A buy recommendation from the Swiss bank UBS helped the shares of Carl Zeiss Meditec to make gains in the MDax. Analyst Graham Doyle believes the medtech company’s sluggish earnings growth will reach a positive turning point this year. The papers gained 5.9 percent.
In the SDax small-cap index, it was optimistic statements from Traton’s CEO that gave the VW commercial vehicle holding’s shares an increase of 4.6 percent. Christian Levin wants to further improve Traton’s results in the coming years, as he told the Swedish business newspaper “Dagens Industri”.
As the SDax leader, Eckert & Ziegler rose by 7.3 percent and is now back at its highest level since May 2023. The radiation and medical technology company announced a strategic partnership with Artbio. As part of the collaboration, Eckert & Ziegler says it will support the biotech company in realizing the production and delivery of its therapies.
The Eurozone leading index EuroStoxx 50 gained 0.49 percent to 4,485.48 points. In Paris, the Cac 40 also rose moderately, and in London, too, the jump into positive territory was ultimately achieved. In the USA, the Wall Street index Dow Jones Industrial fell slightly, but the market-wide S&P 500 rose moderately and the technology-heavy Nasdaq indices rose significantly.
The euro was trading at $1.0974 in the early evening. The ECB set the reference rate at 1.0946 (Friday: 1.0921) US dollars. The dollar therefore cost 0.9135 (0.9156) euros.
The current yield on the bond market stagnated at 2.18 percent. The Rex bond index fell by 0.01 percent to 126.38 points. The Bund future advanced by 0.38 percent to 135.98 points.
Source: Stern