The Dax index held a positive start on Monday, remaining in the green until lunchtime. By around 12:30 pm, the index was calculated at around 21,843 points, a 0.3 percent increase compared to the previous trading day. FMC, Deutsche Telekom and RWE shares led the price list, while Qiagen and Merck shares trailed at the end.
” Investors continue to bet on a potential economic upswing in Europe and focus on the relatively cheaply valued German stocks” commented market analyst Andreas Lipkow. In the buying focus, defensive sector representatives are once again prominent at the start of the week. “However, there are also sporadic bargain hunters visible in the severely battered shares of German automotive companies” explained the analyst. “Market participants are proceeding extremely cautiously and very selectively. The market players are looking at the opening of trade in the US today and the reactions to the new US tariff round.”
The European common currency was stronger on Monday afternoon: one euro cost 1.0334 US dollars and one dollar was worth 0.9677 euros.
Oil prices rose significantly: a barrel of the North Sea’s Brent variety cost around 75.66 US dollars at around 12 pm German time, a 1.3 percent increase from the previous trading day’s close.