The Dax remained close to its record level at around 17,000 points on Monday. However, the German leading index moved little at the start of the week after reaching a record just above this hurdle on Friday. After the latest interest rate signals from US Federal Reserve Chairman Jerome Powell, the strong labor market signals from the USA are further dampening the interest rate cut fantasies of many investors. But they also speak for economic strength. Investors cannot therefore decide on a clear interpretation.
The Dax remained close to its record level at around 17,000 points on Monday. However, the German leading index moved little at the start of the week after reaching a record just above this hurdle on Friday. After the latest interest rate signals from US Federal Reserve Chairman Jerome Powell, the strong labor market signals from the USA are further dampening the interest rate cut fantasies of many investors. But they also speak for economic strength. Investors cannot therefore decide on a clear interpretation.
Ultimately, the DAX remained stable with minus 0.08 percent at 16,904.06 points. The MDax fell by 0.25 percent to 25,588.30 points. The Eurozone leading index EuroStoxx closed with a gain of 0.02 percent to 4,655.27 points. The stock exchanges in Paris and London also showed little change. In the USA, the Dow Jones fell by one percent at the close of trading in Europe.
On the corporate side, quarterly reports, dividend announcements and takeover rumors attracted attention and moved individual stocks. In the Dax, Beiersdorf shares took the lead with a gain of 4 percent. The consumer goods company is increasing its dividend. The food delivery service Delivery Hero surprised with preliminary figures, possibly to calm the market down a bit. The share rose by 4.5 percent.
The euro has since fallen to a low since mid-November and last cost $1.0735. The European Central Bank set the reference rate at $1.0746. On the bond market, the current yield rose from 2.19 percent to 2.29 percent. The Rex bond index fell by 0.51 percent to 125.75 points. The Bund future fell by 0.69 percent to 134.06 points.
Source: Stern
