The Frankfurt Stock Exchange saw initial gains when trading commenced on Pentecost Monday. Around 9:30 AM, the Dax was calculated at approximately 25,145 points, reflecting a rise of 1.0 percent compared to the closing figures from Friday. Leading the performance indexes were MTU, Heidelberg Materials, and Airbus, while Brenntag, Fresenius, and BASF finished in the lower rankings.
Due to the holiday, trading volume in the Dax is expected to be below average. Furthermore, there are no anticipated impetus from the US market, as American stock exchanges are closed for Memorial Day. However, low trading activity does not necessarily mean that market swings will be minimal; even a small number of orders can significantly impact the market. Investors are also reacting to fresh signs of peace originating from the Middle East.
In currency markets, the European common currency showed little change on Monday morning: the euro cost $1.1634, while the dollar was available for 0.8595 euros.
Meanwhile, oil prices dropped sharply. At about 9 AM German time, a barrel of North Sea Brent crude cost $98.71, which represented a decrease of $4.83, or 4.7 percent, compared to the close of the previous trading day.
