The German DAX index opened lower on Monday, reflecting a cautious start to the trading week. At approximately 9:30 AM local time, the benchmark index was calculated at around 23,485 points, representing a decrease of 0.7 percent compared to Friday’s closing level.
A shift in index composition took effect today, with Gea and Scout24 replacing Porsche and Sartorius within the DAX. However, market analysts noted that the immediate impact for investors has been limited. Thomas Altmann of QC Partners commented that the influence of established giants such as SAP, Siemens and Deutsche Telekom, which collectively represent 30 percent of the DAX, continues to be dominant in shaping its overall trajectory.
While the newly included companies face a significant journey to meaningfully contribute to the DAX’s long-term performance, the regular adaptation of the index’s makeup to reflect the evolving market landscape remains vital.
The Euro weakened slightly on Monday morning, trading at $1.1747, with the dollar fetching €0.8513.
Meanwhile, crude oil prices saw an increase. Brent North Sea crude was valued at $67.04 per barrel around 9:00 AM local time, a rise of 36 cents, or 0.5 percent, compared to the previous trading day’s closing price.