After the recent slide in prices, some investors returned to the European stock markets at the beginning of the week. However, continued speculation of faster rate hikes in the US and tensions between Russia and Ukraine held them back from larger purchases. the dax increased by 0.7 percent to 15,206 points on Monday. Investors are still digesting Friday’s US jobs data, said Naeem Aslam, chief market analyst at brokerage firm Ava-Trade. Above all, the strong increase in wages makes them nervous. “The surprisingly strong jobs report fuels concerns about an aggressive tightening of US monetary policy,” said a broker.
In the Dax, the shares of online suppliers such as Hellofresh, Delivery Hero and Zalando recovered with price increases of up to 4.7 percent. In the M-Dax, real estate stocks such as TAG, Grand City Properties and Aroundtown were among the biggest daily losers with discounts of up to 1.8 percent. The European sector as a whole was weak, and it was said that the turnaround in interest rates was weighing on it. Aurubis started the new fiscal year with a surge in profits. The copper and metal recycling group benefited from the high demand for raw materials, also in the course of the digitalization of the world and growing electromobility. This causes high copper prices. Aurubis gained 3.2 percent in the M-Dax. The group had already raised its targets for the current fiscal year in January.
Ceconomy fluctuated heavily in the S-Dax after quarterly figures. At times they lost almost ten percent in value, most recently they were quoted a good five percent higher. The electronics retailer did worse than expected across the board, said a broker. Ceconomy confirmed the outlook.
On Wall Street, the most important indices fell into place. the Dow Jones remained at 35,079 points in the middle of trading. Takeover speculation brought Peloton a record price jump. The shares of the fitness equipment manufacturer rose by around 20 percent. According to an insider, online retailer Amazon is interested in Peloton. According to media reports, the sporting goods manufacturer Nike is also considering an offer