The Dax recovered somewhat from a three-week correction phase on Monday. Falling oil and gold prices showed that the lack of escalation in the Middle East conflict is currently easing tensions on the market.
The Dax recovered somewhat from a three-week correction phase on Monday. Falling oil and gold prices showed that the lack of escalation in the Middle East conflict is currently easing tensions on the market.
Ultimately, the German leading index claimed an increase of 0.70 percent to 17,860.80 points. After the record high of 18,567 points at the beginning of the month, it gradually slipped and on Friday reached its lowest level in more than six weeks. The MDax of medium-sized stock exchange companies rose by 1.15 percent to 26,289.73 points at the beginning of the week.
The Eurozone leading index EuroStoxx 50 gained 0.4 percent. The national indices in Paris and London also went up, with the British FTSE 100 rising significantly more than the other indices. The New York leading index Dow Jones Industrial and the technology-heavy Nasdaq 100 index hardly moved at the end of European trading.
The biggest winner in the Dax was Bayer with a share price increase of 3.8 percent. However, the shares are at their lowest level since 2005. The stocks of the medical group Fresenius and its MDax-listed investment FMC continued to be in demand with premiums of 1.8 and 6.4 percent respectively.
RWE stocks were among the biggest losers in the Dax with a loss of 1.2 percent. The US state of New York had broken off negotiations with the energy supplier for large offshore wind projects.
SAP shares appeared disoriented with a slight gain. The evening after the US stock market closes, the software company rings in the local reporting season. SAP boss Christian Klein promised investors that cloud growth and adjusted operating profit will continue to improve this year. However, conversion costs could be a burden.
The euro was last traded at $1.0648. The European Central Bank had set the reference rate at $1.0632.
On the bond market, the current yield rose from 2.51 percent to 2.57 percent. The Rex bond index fell by 0.32 percent to 124.08 points. The Bund future gained 0.14 percent to 131.23 points.
Source: Stern
