Low profits in the Dax thanks to good sentiment data

There was no trading on Wall Street today, which was also noticeable on the Frankfurt Stock Exchange.

At the end of trading, the Dax was only slightly different.

Frankfurt / Main - The Dax shook off its initial weakness on Monday thanks to positive sentiment data from Europe.

At the end of trading, the German benchmark index was 0.08 percent higher at 15,661.97 points.

Overall, however, he has been more or less on the spot for weeks.

For the MDax of the medium-sized stock exchange companies, it rose 0.21 percent to 34,534.42 points on Monday - during the course of the day it even marked a record high.

Because of yesterday's US holiday "Independence Day", there was no trading on the trend-setting US stock markets at the beginning of the week.

That is why the stock exchanges in this country were calm and fluctuating.

In Europe, too, the price fluctuations were mostly small.

The leading Eurozone index EuroStoxx 50 closed 0.07 percent stronger at 4087.37 points.

The national indices in Paris and London also left trading with profits.

Good economic sentiment in Europe

Sentiment among companies in the eurozone climbed to its highest level in 15 years in June.

The purchasing managers' index of the market research company IHS Markit rose to 59.5 points compared to the previous month, which means that the result of the first survey has been revised upwards slightly.

In the Dax, the shares of Deutsche Bank occupied one of the top places with an increase of almost one and a half percent, while Commerzbank titles were among the broader favorites in the MDax thanks to gains of almost two percent.

The MDax front runner was K + S: After the temporary setback since mid-June, the shares of the salt and fertilizer manufacturer rose by more than five percent, which marked the fourth trading day in a row in positive territory.

At 12.885 euros, they were not as expensive since November 2019 - for the current year the price gain is already 65 percent.

Takeover offer in Australia helps Fraport

The papers of the airport operator Fraport gained more than two percent at the start of the week.

According to traders, they benefited from Sydney Airport receiving a takeover offer from a group of investors.

That also creates a good mood among Fraport shareholders, it said.

I increased the price of Lufthansa titles by a good three percent.

Due to the lower number of corona infections, according to board member Harry Hohmeister, the demand for business trips is growing again.

At the Aurubis copper group, investors could look forward to a price increase of around three percent to EUR 83.44 thanks to rising copper prices.

The shares thus continued their run towards the record high from 2018 at EUR 86.80.

On the bond market, the current yield remained at minus 0.31 percent. The Rex bond index fell by 0.02 percent to 144.94 points. The Bund future fell by 0.29 percent to 172.67 points. The euro last cost 1.1866 US dollars - this corresponded to the reference rate previously set by the European Central Bank (ECB). dpa