The German stock market benchmark, the DAX, opened the new trading week with gains, recovering from significant losses experienced on Friday. As of 9:40 AM local time, the index was calculated at approximately 23,625 points, representing a 0.9% increase from Friday’s closing level.
The majority of DAX-listed companies displayed slight upward trends at the market open. Rheinmetall led the gains, followed by Symrise and MTU. Moving against the overall positive sentiment were companies including Bayer, Adidas and Sartorius, which experienced declines.
Market analyst Andreas Lipkow characterized the DAX’s opening performance as a “firm start to the new trading week” noting a renewed positive momentum. He attributed this initial recovery to market participants perceiving early signs of a slowdown in the US economy due to tariffs, alongside concerns that ongoing trade disputes could impact other economic regions. Furthermore, Lipkow suggested that the potential inflationary effects of the situation are limiting the US Federal Reserve’s ability to support the American economy through interest rate reductions.
In contrast to the DAX’s performance, the Swiss stock market recorded significant losses. This downturn follows Switzerland’s firm stance in a trade dispute with the United States, which has prompted Washington to announce drastic tariffs. The Swiss stock index SMI opened this morning at 11,665 points, down 1.4%.
While the market decline in Switzerland appears substantial, it’s moderated by the fact that the exchange was closed on Friday, preventing the incorporation of global market losses into previous trading days.
The European currency, the euro, strengthened slightly this Monday, trading at 1.1567 US dollars, with one US dollar costing 0.8645 euros.
