Dax currently: Dax starts big numbers week with profit – gas price at highest level since 2022
After a week of losses, the German benchmark index is on a recovery path. Investors are eagerly awaiting new impulses. The falling oil prices are causing relief.
Düsseldorf - The Dax index begins a week of strong numbers with gains, as of late Monday it was trading at 25,500 points, marking a 1.3 percent increase. This recovery comes after a losing week earlier in the month, where the index finished down 1.7 percent at 25,182 points. The Dax remained within a range of approximately 25,000 to 25,500 points throughout this period, having been in this range since mid-September.
As the week progresses, significant milestones such as quarterly reports from German and European companies could provide new momentum. On Tuesday, investors are expected to hear from Porsche and Beiersdorf, while on Wednesday BASF and Deutsche Bank, and on Thursday VW and Adidas will report on last quarter's performance. The data from US tech giants Amazon, Alphabet, and Microsoft, which will be released in the same week, could also set a new trend for stock trading.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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