Frankfurt / Main (dpa) – The end of the customs dispute between the US and the EU gave the Dax a strong start to November on Monday.
The leading index went out of trading with a plus of 0.75 percent to 15,806.29 points. Since his interim low almost four weeks ago, he has now gained almost 1000 points again.
The MDax of the medium-sized stock market stocks gained 0.76 percent to 35,117.27 points at the beginning of the week, and the mood was good across Europe and in the USA. The leading Eurozone index EuroStoxx 50 ended the day with a plus of 0.70 percent to 4280.47 points.
Even the inflation worries and a likely soon more restrictive monetary policy by the US Federal Reserve and possibly also the European Central Bank (ECB) left investors cold at the start of the week. Last but not least, the buying mood on the New York stock market also continued at a record level.
In Tokyo, the stock exchange helped the ruling party of the Liberal Democrats in Japan to remain in power despite a setback, so that stock exchange traders there expect a continued expansionary financial policy.
In this country, steel stocks such as Salzgitter, Klöckner & Co and Thyssenkrupp benefited from the end of the customs dispute and gained between 1.9 and 2.9 percent.
In the Dax, the papers from Siemens Healthineers were the front-runner with a plus of 2.7 percent. The medical technology group and DAX newcomer presented its figures for the fourth fiscal quarter on Thursday. Experts on the market are in a positive mood, and not only for a good year-end result, but also for the new financial year.
The shares of Hapag Lloyd jumped 6.9 percent after a forecast for annual profit that was significantly raised on Friday afternoon. Shipping company values presented themselves strongly overall. The shares of the Danish competitor Moeller Maersk were also in demand, as were the shares of the Hamburg port logistics company HHLA, which rose by 2.1 percent.
The shares of CTS Eventim also came into focus, which rose by 5.6 percent and thus came very close to their record high of EUR 67.72 from the second half of October. According to market expert Andreas Lipkow from Comdirect, the share benefits from the hope of a return to normal when it comes to major events. “Ticket sales for 2022 have begun, and CTS Eventim is the only value from the industry in this country that can be bet on.”
The euro was trading at $ 1.1594 in the early evening. The ECB set the reference rate at 1.1578 (Friday: 1.1645) dollars. The dollar cost 0.8637 (0.8587) euros.
On the bond market, the current yield rose from minus 0.22 percent on Friday to minus 0.21 percent. The Rex bond index fell by 0.08 percent to 143.41 points. The Bund future recently rose by 0.01 percent to 168.39 points.