The DAX began Monday’s trading with a modest uptick, only to trade back part of its gains by mid‑day. At 12:30 p.m. German time the index was calculated at 24 789 points, up 0.3 % from Friday’s closing level. In the top of the list of moving stocks were Commerzbank, Rheinmetall and Heidelberg Materials, while Qiagen, Infineon and Fresenius Medical Care finished at the bottom.
Market analyst Andreas Lipkow commented that participants remain cautious at the start of the week despite the favourable backdrop provided by Asian trading. “Sentiment in Germany may be easing slightly, but the developments in the U.S. labour market still weigh on investors’ mood” he said. Lipkow added that artificial intelligence is becoming a “real job killer in highly paid tech roles” potentially leaving tangible effects on consumer behaviour and the U.S. housing market. “These concerns are currently depressing market sentiment and elevate the importance of the forthcoming official U.S. labour‑market data” he noted. “From this perspective it would not be surprising if equities consolidate again at the week’s start”.
The euro strengthened in the afternoon. One euro fetched $1.1862, while one dollar was priced at €0.8430.
Oil traded higher on the day. At around 12:00 p.m. German time a barrel of North Sea Brent fetched $68.26, an increase of 21 cents, or 0.3 %, over the previous trading day’s close.