The German stock market continued its upward trend at the start of the week.
Easing interest rate and inflationary pressures are supporting valuations and stabilizing the high-growth tech sector, experts at JPMorgan said. Less strict corona measures in China also provided positive impetus. In addition, there were media reports about China’s planned, extensive measures to support the country’s troubled real estate sector.
The Dax rose by 0.57 percent in the first few minutes of trading on Monday to 14,306.49 points, reaching another five-month high. In the previous week, the leading German index had posted a gain of 5.7 percent. The MDax gained 0.25 percent on Monday morning to 26,041.22 points. The leading eurozone index, the EuroStoxx 50, rose by around 0.4 percent.
