The Dax continued to rise on Monday in the wake of friendly international stock markets. After last week’s strong finish, early trading saw an increase of 0.24 percent to 18,203.86 points. This means that the leading German index came a little closer to the record high of 18,567 points that it reached at the beginning of April. The MDax of medium-sized stock exchange companies rose by 0.13 percent to 26,209.14 points on Monday morning. The Eurozone leading index EuroStoxx 50 gained almost 0.3 percent.
The Dax continued to rise on Monday in the wake of friendly international stock markets. After last week’s strong finish, early trading saw an increase of 0.24 percent to 18,203.86 points. This means that the leading German index came a little closer to the record high of 18,567 points that it reached at the beginning of April. The MDax of medium-sized stock exchange companies rose by 0.13 percent to 26,209.14 points on Monday morning. The Eurozone leading index EuroStoxx 50 gained almost 0.3 percent.
However, the experts at Landesbank Helaba warned against expectations for the DAX that were too high. It is said that consumer price data from the euro zone could put the interest rate cut expectations of the European Central Bank (ECB) to the test. Spain, meanwhile, reported a slightly lower price increase than expected in April. Data from Germany follows in the early afternoon. The US Federal Reserve Bank will decide on its further monetary policy on Wednesday evening. It is widely expected that it will leave the key interest rate unchanged. The focus will be on signals as to when there will be a rate cut later in the year.
Source: Stern
