The DAX cautiously continued its Friday upswing into trading on Monday. At around 9:30 a.m., the leading index was calculated at around 23,045 points, an increase of 0.3 percent from Friday’s close.
Shares of Bayer, Brenntag, and MTU led the price list, while Vonovia, Symrise, and Zalando were at the bottom.
Stock markets eagerly awaited the outcome of the debt package vote in the Bundestag, said Jochen Stanzl, chief market analyst at CMC Markets.
The outcome of the vote will only become clear after the fact, whether Friedrich Merz can or must govern with bulging coffers or without, according to the expert.
Other important market signals also came from China. Industrial production data today exceeded expectations for the second month in a row; Chinese industry appears to have normalized its inventories and is starting to produce again, said Stanzl.
In light of the US punitive tariffs, this is also a positive signal for Germany, as the People’s Republic is an important export market.
The European common currency was somewhat weaker on Monday morning: one euro cost 1.0878 US dollars, and one dollar was available for 0.9193 euros.
Meanwhile, the price of oil rose: a barrel of North Sea Brent crude cost 71.11 US dollars at around 9 a.m. German time, an increase of 53 cents, or 0.8 percent, compared to the close of the previous trading day.