The Dax started the trading day on Monday with slight gains. By 9:40 a.m., the leading index was calculated at around 19,950 points, a 0.2% increase over the closing level of the previous Friday. Sartorius, Infineon, and Daimler Truck led the list of stock prices, with Rheinmetall, MTU, and Airbus at the end.
“Normality is slowly returning to European financial markets after the holidays” said market expert Andreas Lipkow. “In Asia, too, most countries are back in the game and starting to factor in the current mix of stock prices.” The focus remains on the monetary policies of the major central banks, China’s planned stimulus measures, the development of private consumption, and the future dynamics of the megatrend of artificial intelligence.
“For the Dax, consumer prices in Germany may be important today” said Lipkow. “However, caution will likely continue to prevail. There is a lack of powerful buying arguments for the majority of Dax companies.”
The European common currency was stronger on Monday morning: one euro cost $1.0338, and one dollar was worth $0.9673 euros.
Meanwhile, the oil price fell: a barrel of North Sea Brent crude cost around $76.17 at 9 a.m. German time, 34 cents or 0.4% less than at the close of the previous trading day.