The DAX opened Monday’s trading session on a positive note. At 9:30 a.m. the German benchmark index was calculated at about 24,848 points, up 0.5 percent from Friday’s close. Rheinmetall and Commerzbank were the top‑performers at the start of the day, while Symrise, Siemens Healthineers and Daimler Truck lagged at the bottom of the performance list.
Market participants reacted with relief to the outcome of Japan’s election and the easing tensions in the Middle East, said market analyst Andreas Lipkow. The ruling LDP party secured a two‑thirds majority in the lower house on Sunday. “That means the new prime minister, Sanae Takaishi, can effectively govern alone” he added.
The reduced tensions between the United States and Iran are also causing declines in energy commodity prices, Lipkow explained. Investors are becoming more confident that the period of high volatility could be over for the time being. A shift is likewise emerging among heavily hit software stocks, which had recently lost significant value amid concerns over disruptive AI impacts.
The euro strengthened in the morning: one euro was worth 1.1858 U.S. dollars, which translates to 0.8433 euros per U.S. dollar.
Meanwhile, oil prices fell. A barrel of Brent, the North Sea variety, was trading at 67.51 U.S. dollars around 9 a.m. German time – 54 cents, or 0.8 percent, below the previous day’s close.
