Current Dax: Dax starts big numbers week with profit – Bayer shares up
After a week of losses, the German benchmark index is on a recovery path. Investors are eagerly awaiting new impulses. Falling oil prices are causing relief.
Düsseldorf. The Dax index started the week on a positive note, with a gain of around one percent, bringing the index to 25,434 points on Monday morning. This recovery came after a loss-making previous week, which ended at 25,182 points, a total decline of approximately 1.7 percent. The Dax remained in the range of about 25,000 to 25,500 points throughout the week.
As prices approach the extremes of this range, it typically triggers first buying surges or new investments. The new week could bring significant new momentum. Investors anticipate dozens of quarterly reports in Germany and Europe, marking the beginning of the quarterly report season. While data-driven surprises remain an exception on Monday, reports from companies like Porsche and Beiersdorf are expected to start on Tuesday.
On Wednesday, BASF and Deutsche Bank will report, followed by VW and Adidas for the previous quarter on Thursday. With the tech sell-off from the previous week, data from US tech giants Amazon, Alphabet, and Microsoft will also be relevant, all reported during this week. These figures could set a new direction for stock trading.
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