On the first day of the week, the Dax made significant gains. At the end of Xetra trading, the index was calculated at 23,344.54 points, representing a 1.12% increase compared to the previous trading day.
Market analysts believe that investors are hoping for a strong start with economic stimuli from the new federal government, especially considering the previously agreed credit packages for infrastructure and the military.
At the top of the list were the shares of Rheinmetall, which were up by more than three percent, followed by those of Munich Re and Hannover Rück. At the bottom of the list were the shares of BASF, which were down by more than four percent, followed by those of Deutsche Post and Zalando.
The European community currency was slightly stronger on Monday afternoon, with one euro costing 1.1322 US dollars and one dollar costing 0.8832 euros.
The gold price experienced significant growth, with a fine ounce costing 3,316 US dollars in the afternoon (+2.3%). This is equivalent to a price of 94.17 euros per gram.
Meanwhile, the oil price plummeted significantly: A barrel of North Sea crude was priced at approximately 59.71 US dollars on Monday afternoon, which was 158 cents or 2.6% less than the previous trading day’s closing price.