Current Dax: High oil price pushes Dax into negative territory – Biontech shares rise
The high oil price is weighing on the prices. In addition, the words of Sam Altman and Dario Amodei are costing Infineon and smaller chip companies a significant amount of their stock market value.
The Dax index in Frankfurt started the week with a slight decrease to 25,468 points. This comes after a 0.8% increase on Friday to 25,568 points, driven by falling oil prices. However, US inflation data had increased bets on a US interest rate hike. Analyst Thomas Altmann from QC-Partners noted that the Dax has had a weak year, with investors not making any money since mid-January due to a volatile sideways market.
Oil prices rose over 3% on Monday, driven by concerns over supply shortages after attacks in the Persian Gulf.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
