The German stock market opened the week with gains, as the DAX index closed at 24,073 points, marking a 1.2% increase compared to the previous trading day.
Heidelberg Materials, Rheinmetall and Siemens Energy led the performance among the listed companies. Conversely, shares of Merck, Sartorius and Vonovia experienced a downturn.
Market analyst Andreas Lipkow attributed the positive sentiment to a sense of cautious optimism regarding ongoing US tariff negotiations. “Market participants are reacting with a certain composure to the announcements surrounding the US tariff discussions” Lipkow stated. “As long as there are no concrete facts and analysts cannot quantify the impacts, business continues as usual.
The Euro weakened during Monday afternoon trading, exchanging at 1.1731 US dollars, with the dollar fetching 0.8524 Euros.
Gold prices also retreated, with a fine ounce trading at $3,321 USD, reflecting a 0.5% decrease, equivalent to €91.02 per gram.
In contrast, oil prices showed a significant uptick. Brent crude, a North Sea variety, reached $69.15 USD per barrel around 5:00 PM local German time, representing an 85-cent increase, or a 1.2% gain compared to the close of the previous trading day.