The indices on the German stock market rose moderately on Monday at the start of a week filled with economic data. The leading index Dax gained 0.33 percent to 15,285.13 points around midday. Like the Dax, the MDax of medium-sized companies recorded an increase of 0.33 percent to 25,374.56 points on Monday. The Eurozone index EuroStoxx 50 rose by 0.6 percent. On Friday in New York, the Dow Jones Industrial and especially the Nasdaq indices rose significantly and defied the renewed interest rate concerns.
Market participants are now focusing this week on US consumer prices, which will be published on Tuesday. In the Dax, Rheinmetall gained 2.6 percent as the best index value on the first trading day of the week. Reports of a doubling of arms aid to Ukraine gave impetus. Airbus shares benefited from the prospect of orders at the Dubai Air Show with a gain of 1.1 percent. Beiersdorf lost 0.9 percent after a gloomy outlook from its Japanese competitor Shiseido.
Talanx gained 2.5 percent in the MDax according to the insurer’s quarterly report. Fresenius Medical Care (FMC) initially suffered once again from study data on the weight loss drug Wegovy from Novo Nordisk, but quickly turned positive with a recent gain of 1.3 percent.
The shares of the commercial vehicle supplier Jost Werke lost 6.4 percent in the SDax of the smaller stocks according to quarterly figures. According to the final nine-month figures, Salzgitter gained 4.8 percent. JPMorgan analysts praised the steel company’s cash inflow.
