The Gaza war and high bond yields kept the pressure on the German stock market at the start of the week. The Dax temporarily slipped to 14,630 points on Monday, its lowest level since March.
With some relaxation on the US bond market, the leading German index made up for its losses. It closed with a plus of 0.02 percent to 14,801 points. The MDax of medium-sized companies also got back on track in late trading and ultimately gained 0.06 percent to 24,080 points.
The yield on trend-setting ten-year US government bonds in particular has a noticeable impact on valuations on the stock market, as Stephen Innes from asset manager SPI Asset Management said. On Monday it exceeded the five percent mark for the first time since 2007, but recently fell back below 4.9 percent.
In addition to the situation in the Middle East, reporting season is dominating events this week. Before the business figures of important US technology companies such as Microsoft, Alphabet, Amazon and Meta, investors initially stayed on the sidelines, said stock market expert Andreas Lipkow.
