The German DAX remained in positive territory on Monday, holding up its friendly start through midday. Around 12:30 p.m., the leading index was calculated at approximately 25,395 points, marking an increase of 0.8 percent compared to Friday’s closing level.
Bayer was one of the top performers as the week began. The pharmaceutical giant had presented optimistic interim results for a study on a new prostate cancer drug during a conference held over the weekend. Conversely, shares in Deutsche Telekom, BASF, and Beiersdorf were among the few that declined.
Meanwhile, the European common currency experienced some weakening on Monday afternoon. The Euro cost 1.1196 US dollars, while the US dollar was consequently valued at 0.8932 Euros.
In commodity markets, the price of gold saw a slight increase, with a fine ounce trading at $4,014 in the afternoon (+0.3 percent). This translates to a price of 115.27 Euros per gram. Oil prices, however, fell significantly. By midday German time on Monday, a barrel of Brent North Sea oil cost $115.00, representing a drop of 1.5 percent, or 174 cents, compared to the previous day’s close.
