The Dax index, following a moderate start and a mid-session dip into positive territory, returned to its previous day’s closing level by midday. Calculated at around 22,440 points, the leading index was 0.1 percent higher than the previous day’s close. The top performers in the stock market included Deutsche Bank, Bayer and Heidelberg Materials, with Siemens Energy, Infineon and Brenntag at the lower end of the list.
According to market expert Andreas Lipkow, market participants are still focusing on companies with intact stories. As a result, Rheinmetall and the entire defense sector are expected to benefit from the anticipated higher defense spending of several European countries. Heidelberg Materials, following the release of its quarterly earnings, may be able to free itself from the clutches of sellers, with the company’s shares currently on the upside.
Market analyst Andreas Lipkow also noted that the risks of further consolidation in the German overall market remain latent, implying that the current stock level is not set in stone.