The Dax reached its highest level in a good two and a half months on Monday. In the afternoon he still gained 0.63 percent to 13,544.29 points. The Dax is still on the way out of a bear market and into a year-end rally with a transition to a much friendlier stock market year 2023, said capital market strategist Jürgen Molnar from Robomarkets.

The MDax of medium-sized stocks recently increased by 1.33 percent to 24,129.45 points. The leading eurozone index, the EuroStoxx 50, rose by 0.6 percent. In the course of the week, important and possibly price-moving events are on the agenda with the midterm elections in the USA and the US consumer prices.

At Covestro, investors welcomed the postponement of a major project. The shares reached their highest level since mid-June and most recently gained 3.9 percent at the top of the Dax. The plastics group is once again putting the construction of a large-scale plant for the rigid foam precursor MDI on hold - and thereby saving a lot of money in the currently difficult environment.

Rheinmetall increased by 2.8 percent. According to a recent study, analyst David Perry sees a five to ten year upswing for the European armaments industry.

At the special pump manufacturer Pfeiffer Vacuum, the major shareholder Pangea is aiming for a domination and profit and loss transfer agreement. Stocks soared more than 21 percent. The shares of CTS Eventim went up by five and a half percent. The ticket marketer and event organizer had specified its forecast for the 2022 financial year.