In the hope of an end to the fighting in Ukraine, more investors returned to the European stock markets at the beginning of the week. “While the Russia-Ukraine conflict is not going away anytime soon, any announcement of a return to the negotiating table calms nerves,” said Vijay L Bhambwani, chief analyst at research house Equitymaster. the dax rose 2.2 percent to 13,929 points on Monday. The courses also received support from encouraging company balance sheets. However, Neil Wilson, chief analyst at online broker Markets.com, warned that the current price recovery could turn out to be a flash in the pan. Although Russia is again negotiating a ceasefire, it continues to shell Ukrainian cities. Investors are also concerned about the possibility of punitive measures against China if the government there supports Russia in circumventing western sanctions, said Jochen Stanzl from the online broker CMC Markets. “In this case, the risk of a deep recession in the global economy would increase dramatically in one fell swoop.”
In the Dax, Volkswagen’s paper was one of the biggest winners with a plus of 4.4 percent. The carmaker’s business figures were better than expected, said analyst Richard Hilgert from the research house Morningstar. His colleagues at Bank JP Morgan praised the outlook for 2022 as “very solid”. The shares of the Volkswagen major shareholder Porsche SE increased by 5.3 percent. Bank stocks also rose sharply across Europe. They again benefited from the prospect of rising interest rates. The Deutsche Bank share was the top favorite in the Dax with a premium of eight percent.
In the S-Dax, strong business figures gave the Deutz shares a price jump of 9.5 percent at times. The engine manufacturer increased its sales last year by almost 25 percent to around 1.6 billion euros and has returned to profitability. Talanx shares climbed 4.3 percent in the M-Dax after the annual figures were presented. Among other things, the insurance group’s outlook, which was maintained despite the Ukraine war, supported the share price.
On Wall Street it closed Dow Jones unchanged at 32,945 points.