The Dax remained in the green on Monday after a friendly start earlier in the day. By around 12:30 pm, the index was calculated at about 22,385 points, which corresponds to a gain of 0.6 percent compared to the previous trading day. At the top of the list were SAP, FMC and Airbus, while Continental and the two reinsurers were at the bottom.
“Market sentiment remains cautiously positive and is being supported by some positive analyst comments on details such as Airbus and MTU Aero” said market expert Andreas Lipkow. Additionally, skepticism about the further course of the US tariff dispute is currently helping buyers stay on the sidelines. “The shares of Daimler Truck can benefit from the quarterly results of the rival Traton SE, which were presented today.”
Overall, however, trading remained “nervous but not hopeless” as Lipkow put it. “Investors are building on further interest rate cuts by European and US central banks and a brightening outlook for the trade dispute around US protectionism.” Nevertheless, a false statement by the US President could bring down the entire structure “like a house of cards.”
The European common currency was slightly weaker on Monday afternoon: One euro cost 1.1356 US dollars and one dollar was accordingly worth 0.8806 euros.
Meanwhile, the oil price fell: A barrel of North Sea crude Brent was priced at around 12:00 am German time at 66.61 US dollars; that was 26 cents or 0.4 percent less than on the previous trading day’s close.