The German stock market opened positively on Monday, maintaining a green trajectory throughout the morning session. By midday, the leading DAX index reached approximately 23,785 points, a gain of 0.4 percent compared to its closing level the previous trading day.
Shares of Continental, Rheinmetall and Airbus were among the top performers, while SAP, Volkswagen and SAP experienced less favorable results.
Market analyst Andreas Lipkow characterized the overall sentiment for German equities as “noticeably more positive” at the start of the week. Specifically, defense stocks demonstrated significant demand, potentially benefiting from ongoing geopolitical uncertainties.
Traders are also factoring in continued liquidity support from central banks. Beyond expectations of interest rate cuts in the United States, discussions regarding potential policy adjustments by the People’s Bank of China are gaining traction.
The euro strengthened against the US dollar, reaching a value of $1.1761, equivalent to €0.8503 per dollar at midday.
Crude oil prices also increased; a barrel of Brent North Sea crude traded at $67.18, representing a rise of 19 cents, or 0.3 percent, compared to the previous day’s closing value.
