At the start of the week, the Dax showed a cautious performance. At the Xetra trading close, the index was calculated at 22,271 points, representing a 0.1 percent increase compared to the previous trading day.
At the top of the price list were the titles of Airbus, Fresenius Medical Care and Fresenius. On the other hand, the stocks of Rheinmetall, Continental and the Deutsche Börse performed poorly.
“Currently, there are no political news that seem to be good news and encourage investors to selectively grab stocks in the Dax” said market analyst Andreas Lipkow. “Therefore, the focus is on the stocks of Airbus and Merck. Both companies were in the spotlight of market participants today due to news.” Airbus and Merck had both received news regarding billion-dollar acquisitions.
“The automotive industry is benefiting from the planned takeover of automotive supplier Toyota Industries by Toyota Motor and the quarterly results of Traton SE. On the losing side are today’s insurance companies and healthcare stocks. Defensive sectors are currently less in demand. When investors return to the market, it should also pay off for them. That’s why cyclical sectors and technology stocks are in focus” said Lipkow.
The European community currency was slightly stronger on Monday afternoon: One euro cost 1.1380 US dollars and a dollar was accordingly worth 0.8787 euros.
The gold price rose slightly, with a fine ounce costing 3,322 US dollars in the afternoon (+0.1 percent). This corresponds to a price of 93.87 euros per gram.
Meanwhile, the oil price fell significantly: A barrel of North Sea crude oil cost around 17:00 hours on Monday in German time 65.60 US dollars, which was 127 cents or 1.9 percent less than the previous trading day’s close.