Investors in the German stock market remained cautious on Monday. Early acquisitions in Dax that are In France which followed a lack of rightward movement that evaporated after the close of trade. On the one hand, the results of the parliamentary elections raise concerns that it will be difficult to form a government in Paris. On the other hand, there are important dates on the agenda at the end of the week. for example, US consumer price data on Thursday and the start of the US reporting season with the first major banks on Friday.
The MDax fell 0.71 percent to 25,545.97
Germany’s leading index, which rose more than 18,600 points in the morning, eventually closed down 0.02 percent at 18,472.05. MDax of average companies decreased by 0.71 percent and made 25545.97 points. Last but not least, share price losses have slowed it down Delivery hero and: K+S: out. The Eurozone’s leading EuroStoxx 50 index ended trading down 0.19 percent at 4,969.83 points, while Britain’s FTSE 100 also eased slightly. French Cac 40 has become cheaper. In the US, the initial gains of Wall Street and Nasdaq stock exchanges have been significantly reduced recently.
After the surprise victory of the left in France, there is now uncertainty about how to form a government. In the parliamentary elections, the left-wing alliance received the most deputies, but it is far from the absolute majority. The alliance of centrist parties took second place, while the right-wing National Assembly National Assembly was only in third place.
“The fact that the second round of elections in France did not produce a clear winner is not the worst scenario for the stock market,” said market analyst Constantin Oldenburger of broker CMC Markets, explaining the market’s initial positive sentiment. “If the left or the right, which has an absolute majority in the parliament, could only advance some radical positions in the future, this would be a worse option for the financial markets. The DAX’s ruined profits are not there yet.” is a concern for stock market investors as from a technical point of view it stands above 18,400 points with the stock market lights still green.
Munich Re and Hannover Re are growing the most
Shares of reinsurers are underperforming individual German stocks Munich Re: and: Hanover Re: The DAX was the biggest gainer, up 3.0 percent each. There is relief among investors that Beryl has weakened, although it has re-strengthened to a Category 1 hurricane shortly before making landfall in Texas. According to forecasts, “Beryl” on land will weaken again.
Delivery Hero shares on the MDax stood out with a price loss of 7.2 percent, thus continuing the downward trend. Investors once again fled the stock in droves after the food supplier’s EU antitrust fine was significantly higher than expected. The amount of the fine may exceed 400 million euros, while the company has allocated only 186 million euros for it so far.
The euro last traded at $1.0836. It european The central bank set the base exchange rate at 1.0835 (Friday: 1.0824) dollars at noon. Thus, the dollar was worth 0.9229 (0.9238) euros.
Current yields in the bond market fell to 2.59 percent from Friday’s 2.61 percent. The Rex bond index increased by 0.03 percent, reaching 124.10 points. Bund futures rose 0.15 percent to 131.28 points.