Dax Rises At Start Of Trade

Dax Rises At Start Of Trade

Frankfurt’s DAX index opened the trading day on Monday with gains, reflecting ongoing global economic uncertainty. By 9:30 AM CEST, the benchmark index stood at approximately 23,865 points, a 0.3% increase compared to Friday’s closing level. Leading the performance were shares in Commerzbank, Siemens Energy and MTU, while Siemens Healthineers, Merck and Sartorius concluded the initial period slightly lower.

Market observers attribute the volatility to heightened concerns surrounding potential tariffs. According to Thomas Altmann of QC Partners, speculation is currently focused on the recipients of recently issued tariff threat letters from U.S. President Donald Trump. He cautioned that the European Union could be among those targeted, potentially posing a significant burden on export-dependent European economies.

Trading activity is expected to rise following the weekend break, with Wall Street returning to the market. Friday’s holiday resulted in unusually low trading volumes for the DAX, a level last seen on December 15th, 2023, which was a partially shortened trading day. The prospect of impending tariffs continues to be a potential drag on the index’s performance.

The Euro weakened against the US dollar on Monday morning, trading at $1.1753, with the dollar fetching €0.8508.

Crude oil prices also experienced a decline, with a barrel of Brent North Sea crude fetching $68.15 at approximately 9:00 AM CEST, a decrease of 15 cents or 0.2% compared to the previous day’s closing price.