The DAX index began the trading week with gains, closing at 24,073 points on Monday. This marked a rise of 1.2 percent compared to the previous day’s closing value.
Heidelberg Materials, Rheinmetall and Siemens Energy led the gainers at the close of trading. Conversely, shares of Merck, Sartorius and Vonovia closed in the red.
Market analyst Andreas Lipkow attributed the positive sentiment to a generally relaxed response from market participants regarding recent announcements surrounding US tariff negotiations. “As long as there are no concrete facts and analysts cannot quantify the impacts, business continues as usual” he stated.
The Euro weakened during Monday afternoon trading, trading at $1.1731, with the dollar fetching €0.8524.
Gold prices also showed a downward trend, with a fine ounce fetching $3,321 (-0.5 percent), equivalent to €91.02 per gram.
Meanwhile, the oil price saw a significant increase. Brent crude oil was trading at $69.15 per barrel around 5:00 PM local time, an increase of 85 cents or 1.2 percent compared to the previous day’s closing value.
