Hardly any impulses and little movement: This is how trading on the German stock market on Monday can be summarized. Investors have become more cautious again after the DAX record high on Friday. In addition, the US stock exchanges remained closed due to a public holiday as a stimulus.
According to analyst Jochen Stanzl from the trading company CMC Markets, the upward trend of the German stock market barometer is nevertheless intact. “And investors also seem to be getting used to the fact that there is now a 17 on the DAX board in Frankfurt, after weeks of fighting over this mark.” All in all, it is important that the recent stronger US inflation data has meant that expectations of this year’s interest rate cuts in the US have been dampened and are now more realistic. At the same time, the US economy remains robust and the reporting season on both sides of the Atlantic is going well for the most part.
The leading German index ended the day with a loss of 0.15 percent to 17,092.26 points. The MDax of medium-sized stocks fell by 0.51 percent to 26,014.17 points.
