The Dax also failed to end trading above the 18,000 point mark on Monday. While the German leading index was still on its way to its latest record high of 18,015 points in the morning, it then lost its strength. At the end of the Xetra it was down 0.02 percent to 17,932.68 points. Price gains on the US stock exchanges were of no help to prices here this time. The MDax of medium-sized German companies rose by 0.3 percent to 26,136.35 points.
Before the central bank meetings this week, many investors preferred to stay on the sidelines, financial market expert Andreas Lipkow analyzed market behavior. There is currently a lack of impulses outside the world of central banks, so that the price range above 18,000 points in the DAX remains too lofty a level.
The interest rate decisions of the central banks in the USA, Great Britain, Japan and Switzerland are on the agenda in the coming days. The focus is primarily on the US Federal Reserve on Wednesday evening. Maintaining the current key interest rate is considered a foregone conclusion. More important for investors should be indications of the timing of the long-awaited turnaround in monetary policy. Recent inflation data from the USA had already cooled speculation about a possible first interest rate cut before the June meeting. In the financial markets there are now even doubts about an interest rate cut in June.
At the top of the DAX on Monday, the securities of the defense company Rheinmetall closed at a record high of 477.10 euros and an increase of 4.4 percent. More and more analysts are now increasing their price targets to over 500 euros.
The reinsurer Hannover Re achieved a record profit last year and wants to distribute significantly more money to its shareholders. The insurance group Talanx (HDI), which owns a good half of the Hannover Re shares, is particularly benefiting from this. Hannover Re rose to another record high on Monday, but closed 0.1 percent weaker. Talanx fell by 1.8 percent in the MDax, having reached a high on Friday.
Vonovia stabilized: After the double-digit percentage slide on Friday, an increase of 3.1 percent was enough for one of the top places in the Dax. Before the weekend, the real estate group had frightened investors with a new dividend policy and changed key indicators.
The Eurozone leading index EuroStoxx 50 fell by 0.07 percent to 4982.76 points on Monday. The Cac 40 in Paris closed slightly weaker, the FTSE 100 in London hardly changed. In New York, the leading barometer Dow Jones Industrial was slightly higher at the close of the European stock market, and the technology-heavy Nasdaq 100 index recovered significantly.
The euro cost $1.0871 after the market closed. The European Central Bank (ECB) set the reference rate in the afternoon at 1.0892 (Friday: 1.0892) dollars. The dollar therefore cost 0.9181 (0.9181) euros.
On the bond market, the current yield rose from 2.49 percent on Friday to 2.51 percent. The Rex bond index fell by 0.10 percent to 124.55 points. The Bund future fell by 0.20 percent to 131.67 points.
