Frankfurt / Main (dpa) - The Dax slipped slightly into the red after a friendly start. After the leading German index had tied to its most recent gains in early trading and started at the 11,000-point mark, it stood 0.32 percent lower at 10,869.44 points at noon.
For the MDax, it was last down 0.56 percent on Monday to 23 830.60 points. The EuroStoxx 50, the leading index of the euro zone, was slightly less clearly in the red.
According to Milan Cutkovic, market expert at Axitrader, it was, among other things, the developments in the corona infection process that led to reluctance among investors: "If the number of reproductions continues to increase, the strategy could be adjusted." Instead of new easing, new restrictions could follow. The risks remained omnipresent and the stock exchanges could therefore switch back to panic mode just as quickly.
Disappointing economic data from Italy also put pressure on the mood. There, industrial production in March had plummeted more than feared due to the measures to contain the corona pandemic.
The Dax investors especially focused on Wirecard papers on Monday. The payment processor reacted to the unabated criticism of the manner in which the management was run by restructuring the board. Wirecard shares were the clear favorite in the Dax with a plus of a good 7 percent to around 90 euros.
In addition, the company's reporting season is entering a new round this week. The consumer goods group Henkel recorded a slight decline in sales in the first quarter. Above all, problems were caused by the highly cyclical adhesives business and the cosmetics division. The share certificates were down around 2 percent.
Higher rents and recent acquisitions continued to drive the real estate group LEG. The shares climbed at the top of the MDax by a good four percent. Analyst Thomas Rothaeusler from the investment bank Jefferies praised the stable business and believes that the annual targets are fairly certain to be achieved.