The German stock market opened the week with a modest gain. The DAX index closed at 23,748 points on Monday, representing an increase of 0.2 percent compared to the previous trading day.
Market analyst Andreas Lipkow attributed the performance to expectations surrounding the Federal Reserve’s actions this week. “Market participants anticipate the US central bank will deliver what investors are broadly expecting” he stated.
Trading activity appeared relatively subdued due to a lack of significant catalysts, leading to focused attention on the shares of Sartorius, Zalando, Infineon and Continental. Conversely, SAP, Deutsche Telekom and Symrise experienced declines.
Lipkow highlighted the impact of recent analyst opinions and ratings adjustments on the trading landscape for companies within the DAX 40.
The euro strengthened to $1.1765 on Monday afternoon, with the dollar fetching €0.8500.
Gold prices also saw an upward trend, reaching $3,667 per fine ounce (+0.7 percent), equivalent to €100.22 per gram.
Crude oil prices rose concurrently, with a barrel of North Sea Brent crude costing $67.42, a 43-cent or 0.6 percent increase from the end of the prior trading day.
