Current market situation: Dax and MDax are losing at the start of the week - Deutsche Bank, Continental and Hellofresh in focus

Current market situation: Dax and MDax are losing at the start of the week - Deutsche Bank, Continental and Hellofresh in focus

According to a report by www.schwaebische.de, the German stock market lacked positive impulses at the start of the new week. The Dax fell by 0.49 percent and remained in its trading range between 16,450 and 16,850 points. The MDax also lost 1.18 percent in the overall gloomy environment.

Wall Street remained closed due to the Martin Luther King Day holiday, which resulted in a lack of stimulus from the USA. Regarding possible takeovers in the banking industry, Commerzbank shares rose slightly, while Deutsche Bank and ABN Amro shares recorded small losses and gains, respectively.

Since the US markets did not provide any stimulus, the market in Germany remained quite stable. JPMorgan Bank's recommendation for Continental shares led to a rise of just over one percent, while European food suppliers came under pressure due to a negative study. Compugroup's shares rose by almost seven percent following a buy recommendation from Berenberg Bank.

In terms of the euro, it rose relative to the dollar, while on the bond market the current yield rose slightly and the Bund future fell.

The development of the Dax and the MDax are important indicators for the German economy and investors. The gloomy mood at the beginning of the week and the lack of positive impulses from the USA could lead to a sideways movement in the markets in the next few days. Speculation about possible takeovers in the banking industry could also cause fluctuations in the corresponding share prices.

It remains to be seen how the European stock markets will develop in the next few days and whether the vague mood will turn into positive price movements.