The German stock market opened Monday with gains, rebounding from significant losses experienced on Friday. The leading index, the DAX, began the trading day positively, reaching approximately 23,625 points by 9:40 am – a 0.9 percent increase from Friday’s closing level.
The majority of DAX-listed companies registered slight increases in value during the opening hours of trading. Rheinmetall demonstrated the most substantial rise, followed by Symrise and MTU. Conversely, Bayer, Adidas and Sartorius were among the few companies that saw their share prices decline.
Market analyst Andreas Lipkow commented on the DAX’s performance, stating, “The DAX is beginning the new trading week on a firmer footing, able to regain some positive momentum at least during the initial trading phase”. He attributed the market’s movement to concerns surrounding the US economy, influenced by the implementation of tariffs and broader worries about the potential spillover effects of ongoing trade disputes across global economies. Furthermore, Lipkow noted that these potential inflationary pressures may limit the US Federal Reserve’s capacity to stimulate economic growth through interest rate cuts.
In contrast to the DAX’s positive start, the Swiss stock market experienced noticeable losses. This downturn reflects Switzerland’s firm stance in a trade dispute with the United States, which has prompted Washington to announce significant tariff measures. The Swiss Market Index (SMI) opened the morning at 11,665 points, representing a 1.4 percent decrease.
The scale of the morning’s losses in Switzerland appears relatively contained, considering the market was closed on Friday due to a public holiday and hadn’t fully priced in the global market declines.
The euro gained some ground against the US dollar on Monday morning, trading at $1.1567, with the dollar equivalent to €0.8645.