The Dax continued to recover on Monday. The leading German index rose by 1.21 percent to 13,276 points around noon. The MDax for medium-sized stocks increased by 1.27 percent to 27,296 points. The Eurozone leading index EuroStoxx 50 gained 1.1 percent.
The Dax continued to recover on Monday. The leading German index rose by 1.21 percent to 13,276 points around noon. The MDax for medium-sized stocks increased by 1.27 percent to 27,296 points. The Eurozone leading index EuroStoxx 50 gained 1.1 percent.
On Friday, the Dax dropped to its lowest level since March at 12,904 points before turning significantly positive thanks to the strong Wall Street. After two very weak weeks, the slide in prices was initially halted.
Among the individual values on the German stock market, Nordex gained almost eleven percent at the beginning of the week. The wind power group raises new capital through a private placement with its Spanish anchor shareholder Acciona. According to a dealer, Acciona is demonstrating the much-needed commitment.
Reclassifications moved some titles significantly. For example, those of the forklift manufacturer Kion and the biotech company Morphosys gained 6.5 and 8.9 percent, respectively, according to positive analyst estimates. Teamviewer lost 4.5 percent after JPMorgen downgraded the software maker’s shares.
Zalando continued their recovery from the low since 2014 on Monday. The fashion retailer’s shares cost more than EUR 26 again after falling to EUR 20.94 on Friday morning in response to the profit warning. Other analysts lowered their estimates, but no longer signaled the risk of setbacks. Most recently, Zalando won 5.1 percent among the favorites in the Dax.
Economically sensitive stocks also increased, such as Continental with a plus of 2.7 percent and Daimler Truck with a plus of 3.2 percent.
