The German stock market continued to stabilize at the start of the new stock market week. After high price losses in the previous week, the Dax rose by 0.45 percent to 15,673.16 points by the end of trading on Monday. Investors also largely pushed aside weak economic data from China. The MDax of medium-sized companies closed 0.08 percent higher on Monday at 27,036.30 points after the weak previous week.
Craig Erlam from broker Oanda spoke of a generally rather quiet trading day, which, however, should be followed by important events in the course of the week, especially with price data from the USA.
Experts are now drawing attention primarily to the consumer prices for Germany on Tuesday and for the USA on Wednesday. Producer prices are also on the agenda in the United States on Thursday.
On the company side in this country, Rheinmetall papers were at the top of the Dax by the evening with a premium of almost three percent. The armaments group has landed a lucrative order, the German armed forces and the Dutch armed forces have ordered Caracal airborne vehicles worth up to 1.9 billion euros. Around two-thirds of the order is on the German side, with money flowing from the special fund.
Bayer shares were one of the other top stocks with an increase of around 1.6 percent from trading. A report by the “Platow Börse” published on Friday evening about a possible spin-off of the agrochemical division Crop Science had an after-effect here.
Redcare Pharmacy was under even more pressure and fell by 3.2 percent as one of the MDax tail lights. The course was weighed down by concerns that redeeming e-prescriptions with the electronic health card in pharmacies could be a disadvantage for online senders.
The most important European stock exchanges also went up moderately at the beginning of the week. The Eurozone leading index EuroStoxx 50 gained 0.47 percent to 4256.51 points and the trading centers in Paris and London also increased slightly. In New York, the leading index Dow Jones Industrial was up almost 0.3 percent at the end of European trading.
The euro rose slightly and most recently cost $1.0982. The European Central Bank (ECB) had set the reference rate at $1.0956 in the afternoon.
On the bond market, the current yield rose to 2.71 percent from 2.70 percent on Friday. The Rex pension index fell by 0.07 percent to 123.05 points. The Bund future lost 0.02 percent to 131.01 points.
