The DAX, after a weak start to Monday’s trading day, moved into positive territory by midday. Around 12:30 p.m. the index was calculated at roughly 24,670 points, about 0.5 percent above Friday’s closing level.
Market participants capitalised on the slow opening to rebuild positions, according to market‑expert Andreas Lipkow. Shares of Adidas, Hannover Re, and Deutsche Telekom were noted as being on investors’ wish lists, while Infineon was singled out as particularly suffering from sell‑off pressure in the technology sector.
Today’s release of European purchasing‑manager indices suggests a potential bottom and gives the DAX some tailwind. Nevertheless, the United States pre‑market remains weak, so it remains to be seen whether the DAX’s relative strength will persist.
Later in the trading day, the earnings releases from Walt Disney and Palantir are expected to be of interest.