Thanks to encouraging inflation developments, the DAX stabilized on Monday. However, the risk of a possible conflagration in the Middle East and the key interest rate decision due in the USA on Wednesday caused reluctance among investors. A real recovery movement therefore did not materialize.
The leading German index ended the day with an increase of 0.20 percent to 14,716.54 points. A further extended jump in the price of Siemens Energy shares shortly before the close of trading also had a slightly supportive effect. A week ago the Dax had fallen to 14,630 points. Investors are keeping an eye on this lowest level since March. The MDax of medium-sized companies increased by 0.30 percent to 23,844.34 points at the start of the week. Across Europe, the most important stock exchanges also showed slight gains.
The focus in this country was primarily on inflation developments in October, which are continuing to decline due to lower energy prices. The annual inflation rate of 3.8 percent, determined based on preliminary figures, is the lowest value since August 2021.
