Of the Dax started the new week with slight gains. The German benchmark index advanced by 0.4 percent to 15 599 points on Monday. Investors waited eagerly for the numerous balance sheets of stock market heavyweights at home and abroad, which are to be published in the next few days. “If the reporting season in this country brings similarly strong quarterly figures as in the USA, it could be a good week on the Frankfurt Stock Exchange,” predicted Jochen Stanzl from CMC Market.
In the Dax, the shares of automakers got off to a good start to the week. The papers of Daimler, BMW, Volkswagen and Porsche Holding were among the biggest winners in the leading index with gains of a good one to 4.7 percent. Continental shares, on the other hand, were on the losing side with a loss of 1.1 percent. The auto supplier recently had to lower its forecast again due to the lack of chips and shaky supply chains.
The shares of the software group SAP were also among the top favorites with a plus of two percent. According to a voting rights announcement, the chairman of the supervisory board Hasso Plattner used the price slide as a result of the figures for the third quarter for a million dollar share purchase.
Bechtle was a positive surprise. The IT system house scored with a strong increase in its profit in the third quarter. The titles in the M-Dax rose by 5.4 percent. Meanwhile, the online pet supplies retailer Zooplus continued to cause discussions. The financial investors Hellman & Friedman and EQT are now working together on the takeover and want to end the head-to-head race for Zooplus. The Zooplus share rose by 0.6 percent to EUR 478.60. Wall Street gained ground on the basis of price gains from large corporations such as Tesla and PayPal. Both the Dow Jones as well as the broader S&P 500 marked new record highs. The electric car manufacturer Tesla was particularly boosted by a mega-order from the car rental company Hertz. The stock climbed twelve percent, breaking the $ 1 trillion mark for the first time in its history. In the case of the US payment processor PayPal, which was able to gain 3.5 percent, investors had reacted with relief to the billion-dollar takeover of Pinterest that was canceled.