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Current market overview: DAX up, stock exchanges in Asia firmer
Discover the top 10 facts for the start of the week on the stock markets. With important updates on DAX, Tesla, oil prices and more. Stay informed! 📈📉 #stock market #weekstart
Current market overview: DAX up, stock exchanges in Asia firmer
There is a wide range of news from the financial sector that could cause movement in the markets today. At the beginning of the trading week, the German leading index DAX was up pre-market, which indicates a positive development. In Asia, the Nikkei 225 in Tokyo recorded a growth of 0.57 percent, while the Shanghai Composite in China recorded a decline of 0.47 percent. The Hang Seng in Hong Kong, on the other hand, rose by 1.74 percent.
Tesla has again cut prices in China and the US to counteract weaker demand. In Italy, the laboratory chain SYNLAB was the victim of a hacker attack that temporarily paralyzed its activities. The travel group TUI is not planning any dividend payments to its shareholders for the time being.
Knorr-Bremse has acquired Alstom's rail signaling business in North America, while Volkswagen has been spied on by hackers from China. PUMA aims to catch up with industry giants Adidas and Nike in the US market. Oil prices fell on Monday, with a barrel of North Sea Brent at $86.45 and a barrel of U.S. West Texas Intermediate at $82.33.
The euro remains stable above the $1.06 mark at the start of the week. The European Central Bank (ECB) set the reference rate at $1.0653 on Friday afternoon. These developments will have a significant impact on market activity in the coming week.