The Dax quickly picked up speed again on Monday after an initially weak start. It was last 0.37 percent higher at 13,509.60 points and extended its significant price gains from Friday. The MDax of medium-sized stocks increased by 0.27 percent to 23,876.97 points on Monday. The leading eurozone index, the EuroStoxx 50, rose by 0.4 percent.

The US stock exchanges finally rose sharply on Friday after a changeable course and the recovery on the Hong Kong stock exchange continued on Monday morning. 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.

Chip manufacturers are under some pressure at the beginning of the week after bad news from Apple: According to rumors, the iPhone manufacturer is cutting its production estimates for the smartphone this year in view of cooling demand. In addition, there are delivery bottlenecks for the new iPhone 14 Pro in the middle of the important Christmas business. Against this background, Infineon fell by 0.5 percent. Apple news is bad for industry sentiment, a retailer said.

At the special pump manufacturer Pfeiffer Vacuum, the major shareholder Pangea is aiming for a domination and profit and loss transfer agreement. Stocks soared by around a quarter. Pangea belongs to the Busch family and, according to the information, currently holds more than 63 percent of the company.

Metro shares were under pressure at minus 4.5 percent after Jefferies downgraded them to "underperform". A stockbroker also referred to a media report about the forthcoming sale of the Indian business to the Reliance group at a price that was probably lower than Metro had originally hoped for.