Stock exchange in Frankfurt: Dax with a lively start to the week

At the start of the week, the German stock market more than made up for its losses on Friday.

Stock exchange in Frankfurt: Dax with a lively start to the week

At the start of the week, the German stock market more than made up for its losses on Friday. Positive impetus came from a firmer open on Wall Street on Monday afternoon.

The Dax closed up 0.84 percent at 13,687.69 points. In the previous week, the leading index had climbed to its highest level in almost two months to just under 13,800 points. The MDax of medium-sized companies ultimately gained 0.28 percent on Monday to 27,851.67 points.

The other European stock exchanges also went up: the leading euro zone index, the EuroStoxx 50, rose by 0.85 percent to 3757.22 points. The leading French index, the Cac 40, rose 0.8 percent and its British counterpart, the FTSE 100, rose 0.6 percent. In New York, the leading US index, the Dow Jones Industrial, was unable to maintain its initial gains and stagnated towards the end of trading in Europe.

Successes for energy suppliers

Among the individual values, the energy suppliers stood out positively: Eon rose by 2.7 percent and RWE by 2.1 percent. The US investment bank Morgan Stanley has meanwhile taken a more positive view of the Eon share and upgraded it to "equal-weight". The analysis firm Jefferies meanwhile reiterated its buy recommendation for RWE and further raised the price target.

The VW umbrella company Porsche SE also earned more in the first half of the year thanks to rising profits at Volkswagen and confirmed the annual targets. The share gained 1.1 percent.

The shares of Siemens Energy attracted some attention from the MDax after detailed quarterly figures and statements on the 2021/22 fiscal year. After a rollercoaster ride, they ended up losing 1.0 percent. Analysts unanimously praised the strong gas and electricity business of the energy technology group and the maintained operating fiscal year targets.

The detailed quarterly figures for the financial platform operator Hypoport corresponded to the key data published in advance. In addition, despite the turnaround in interest rates, the annual targets were confirmed. The shares gained 5.4 percent.

Takkt's shares lost 2.1 percent. Analyst Catharina Claes from the private bank Berenberg canceled her buy recommendation for the business outfitter's title. With his figures for the second quarter, he did relatively well, but the risks are increasing.

The euro was last listed at 1.0209 US dollars. The European Central Bank had set the reference rate at $1.0199 in the afternoon.

On the bond market, the current yield rose from 0.68 percent on Friday to 0.76 percent. The Rex pension index fell by 0.36 percent to 136.62 points. The Bund future climbed 0.46 percent to 156.65 points.

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS