Frankfurt Stock Exchange
Carrier start of the week in the Dax with thin Whitsun trading
The Dax is the most important stock index in Germany. photo
© Fredrik von Erichsen/dpa
The dispute about raising the debt ceiling in the USA, which has apparently been settled, gave the German stock market a slight boost on Whit Monday. A default by the USA and presumably negative consequences for the global economy were thus avoided at the last minute.
The dispute about raising the debt ceiling in the USA, which has apparently been settled, gave the German stock market a slight boost on Whit Monday. A default by the USA and presumably negative consequences for the global economy were thus avoided at the last minute.
However, the mood of the few investors is dampened by weaker economic data from China. Due to the holidays in some European countries and in the USA, trading is going very smoothly.
The Dax was unable to maintain its initial gains and the 16,000 point mark and was last listed 0.01 percent higher at 15,985.90 points. On Friday, the leading German index rose by 1.2 percent in the wake of the strong US stock exchanges, reducing its weekly loss to 1.8 percent. The MDax of medium-sized companies increased by 0.10 percent to 27,017.77 points on Monday. The EuroStoxx 50 fell by around 0.1 percent.
From the company’s point of view, new messages are very rare due to the holidays. Investors are primarily focusing on the shares of Borussia Dortmund after the Bundesliga team’s unexpectedly failed German championship. The missed title not only plunged the fans into deep sorrow, but also caused disillusionment among the club’s investors: BVB paper fell by almost 29 percent to its lowest level in more than a month. In the previous week, investors had already celebrated in the hope of winning the championship and within five trading days had driven the share up 32 percent to its highest level since autumn 2021.
Talanx shares increased in price by 1.0 percent. The insurance group is taking over the Latin American business from the US insurer Liberty Mutual Insurance for the equivalent of around 1.38 billion euros. The purchase includes Liberty’s private customer business in Brazil, Chile, Colombia and Ecuador and has a gross premium volume equivalent to around EUR 1.7 billion.