Frankfurt Stock Exchange: Moderate losses in the Dax - judgment weighs on Bayer

The Dax also suffered from Bayer's share price losses on Monday.

Frankfurt Stock Exchange: Moderate losses in the Dax - judgment weighs on Bayer

The Dax also suffered from Bayer's share price losses on Monday. However, by the end of trading, the leading German index had narrowed its loss to 0.12 percent, reaching 16,941.71 points.

The focus was on Bayer's share price slide after a record-high damages judgment against the company in the USA. At the beginning of the week, the MDax of medium-sized stocks fell by 0.28 percent to 26,101.78 points.

“Ahead of the meeting of the US Federal Reserve Bank, the labor market data on Friday and a lot of quarterly balance sheets from large tech companies in the USA, investors are not daring to let their guard down,” wrote analyst Konstantin Oldenburger from broker CMC Markets. He sees the Dax in a "lurking position" - in addition to the lack of buying mood, there is no greater selling pressure on the other hand. On Friday, the index narrowly missed its previous record of over 17,000 points.

The Eurozone leading index EuroStoxx 50 ended trading with a slight gain. There was also little change in the leading indices in Paris and London. The US leading index Dow Jones stood still at the close of trading in Europe.

Bayer shares lost 4.9 percent. With $2.2 billion, US jurors sentenced Bayer to pay the highest damages to date in trials involving weed killers containing glyphosate. The company wants to appeal.

Last in the MDax was Hochtief with a loss of 9.1 percent. According to a Spanish newspaper report, a compensation payment from Spain to the infrastructure company Abertis will be significantly lower than the company's claim. It's about a dispute over a highway. Contrary to the more than 4.3 billion euros requested, the country's highest court only granted Abertis 33 million euros. Both the construction group Hochtief and its parent company ACS have a stake in Abertis.

The automotive and industrial supplier Stabilus increased sales in the first quarter and confirmed the outlook. But the operating margin fell slightly. At minus two percent, the shares were among the biggest losers in the MDax.

The euro fell to $1.0805, its lowest level in six weeks. The European Central Bank had previously set the reference rate at $1.0823. The current yield on German federal bonds fell from 2.25 to 2.23 percent. The Rex bond index rose by 0.16 percent to 126.19 points. The Bund future gained 0.52 percent to 135.01 points.

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