The Middle East conflict is weighing on the DAX price at the start of the week.
At the beginning of Monday’s session, the DAX lost 0.57 percent to 15,143.29 points. The current decline is 0.68 percent at 15,125.90 units. The focus remains on the previous week’s low since the end of March at 14,948 points.
The Middle East conflict between Hamas and Israel is particularly causing new concerns. Even two days after the Islamists’ unprecedented attack on Israel, the fighting continues with bombings by the Israeli air force. Pressure could arise on Europe’s stock exchanges, especially from rising oil prices and the stronger dollar. Sales are high. The election results in Bavaria and Hesse with victories for the incumbents fade into the background.
Defense stocks on the rise – HENSOLDT and Rheinmetall strong
Once again, defense stocks are attracting buyers depending on the situation. HENSOLDT shares have now risen by 9.52 percent to 27.38 euros via XETRA, while Rheinmetall shares in the XETRA business have gained 4.75 percent to 244.90 euros.
Bond yields in transition?
The investment strategists at JPMorgan are giving investors some encouragement, at least when it comes to bond yields. Their constant increase has placed a heavy burden on the market. The experts around Mislav Matejka now see a transition phase. However, falling yields and then rising stock valuations are not automatic. Not if the company’s earnings development and the economy are disappointing at the same time, they explained. The experts are skeptical about a peak in bond yields, especially for bank stocks that have been doing well recently.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires
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