Dax currently: Dax closes for the first time above 26,000 points driven by two heavyweights
At the start of the seasonally weak stock market month of August, the German benchmark index reaches the next milestone. The variety of new Dax balance sheets during the course of the week provides for new excitement.
Düsseldorf - The German benchmark index, the Dax, opened the new week with all-time highs. On Monday, the Dax reached its highest level ever, surpassing 26,000 points for the first time in its history. By the end of trading, it stood at 26,001 shares, a 1.5 percent increase. The new all-time high was 26,096.93 points. The Dax is being driven by its heavyweight stocks.
Individual stocks with very high market capitalization, such as Telekom, SAP, and Rheinmetall, were among the biggest gainers. The top performer of the day was Siemens Healthineers, which rose by six percent. At the lower end, Bayer and Beiersdorf were listed. The German consumer goods conglomerate Bayer had to revise its forecast for the third time in recent months.
As a market mover, US President Donald Trump reappeared on the scene, connected to oil prices. Trump had announced on the weekend that he had postponed his largest attack on Iran by US military since World War II, in order to give new negotiations with Iran a chance. This caused optimism in the markets.
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