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German stock market: Dax and MDax are increasing - investors benefit from government aid and quarterly reports
Investors on the German stock market ventured a little forward at the beginning of the week. The leading index DAX rose by 0.73 percent to 15,345.00 points on Monday. The MDax of medium-sized companies closed 0.47 percent higher on Monday at 25,409.63 points. A report of a breakthrough in government aid talks gave new impetus to Siemens Energy's recovery. According to the “Handelsblatt”, thanks to the participation of the former parent company Siemens, an agreement on state guarantees for the ailing energy technology group could be announced as early as this week. The shares of Siemens Energy gained 6 percent at the top of the DAX, the papers...
German stock market: Dax and MDax are increasing - investors benefit from government aid and quarterly reports
A report of a breakthrough in government aid talks gave new impetus to Siemens Energy's recovery. According to the “Handelsblatt”, thanks to the participation of the former parent company Siemens, an agreement on state guarantees for the ailing energy technology group could be announced as early as this week. The shares of Siemens Energy gained 6 percent at the top of the DAX, while the shares of the technology group Siemens rose by 1.6 percent. Rheinmetall gained 3.3 percent. Reports of a doubling of arms aid to Ukraine had given impetus. According to the insurer's quarterly report, Talanx gained 3.5 percent in the MDax. Borussia Dortmund's shares reacted to the football club's latest results from the weekend and fell by almost four percent. According to the final nine-month figures, Salzgitter made progress by a good four percent and thus moved to the top of the SDax. The European stock exchanges were mostly up, with the Eurozone leading index EuroStoxx 50 rising by 0.83 percent to 4,232.19 points.
How www.schwaebische.de reported that the German stock market recovered somewhat at the beginning of the week. This recovery was driven by positive news from companies such as Siemens Energy and Rheinmetall. Talks about state aid and a possible involvement of parent company Siemens have boosted Siemens Energy, while reports of a doubling of arms aid to Ukraine have given Rheinmetall a boost.
The positive developments among companies have also had an impact on the broader European market, with the EuroStoxx 50 gaining 0.83 percent. In contrast, Borussia Dortmund shares have lost value following the football club's disappointing result over the weekend.
Current stock market events could continue to be influenced by inflation-related data from the US. According to a report by www.schwaebische.de, this US data could have an impact on the price of the euro and movements in the German bond market. Investors are expected to focus on this data to assess any possible impact on the markets.
Read the source article at www.schwaebische.de