Even after a seven-week winning streak, the Dax did not show any significant weakness at the start of the shortened pre-Easter stock market week. With 18,285.58 points, the German leading index reached another record high on Monday afternoon and closed 0.30 percent higher at 18,261.31 points. The MDax of medium-sized companies rose by 0.17 percent to 26,666.96 points.
Investors are still pinning their hopes on soon falling interest rates in the USA and Europe. "Anyone who currently has shares won't give them away and those who don't have any are increasingly forced to jump on the bandwagon and thus drive prices further up," said capital market strategist Jürgen Molnar from broker Robomarkets, analyzing the situation. At some point, however, profit-taking could begin, he warned.
At the close of the European stock market, the US leading barometer Dow Jones Industrial was trading 0.4 percent lower. The Eurozone leading index EuroStoxx 50 recorded moderate gains at the start of the week, as did the French Cac 40. In contrast, the British FTSE 100 closed slightly in the red.
Given the explosive security situation worldwide, arms stocks were also popular investments on Monday and continued their recent record run. The shares of the electronics specialist Hensoldt reached another record high and ended up as the clear MDax leader, up more than 10 percent. In the current year the profit amounts to 67 percent. The securities of Rheinmetall (plus 1.4 percent) and the stock market newcomer Renk (plus 7.6 percent) also recorded highs.
After a buy recommendation from Deutsche Bank, the shares of the building materials group Heidelberg Materials jumped above 100 euros for the first time since 2008. Ultimately they won 1.0 percent.
LEG Immobilien benefited from positive analyst assessments with an increase of 0.9 percent. Barclays Bank upgraded the shares twice. Goldman Sachs removed its sell recommendation.
The advertising group Ströer wants to pay investors a dividend for 2023 at the previous year's level. Experts had expected more. The papers lost 1.7 percent.
At the start of the week there were business figures from the laboratory service provider Synlab. The outlook for 2024 is slightly below expectations, a trader said. The focus is anyway on the planned takeover by the financial investor Cinven. The titles fell by 3.1 percent.
The euro was last traded at $1.0836. The European Central Bank (ECB) set the reference rate at $1.0835 in the afternoon.
On the bond market, the current yield fell from 2.41 percent on Friday to 2.39 percent. The Rex bond index rose by 0.10 percent to 125.22 points. The Bund future lost 0.43 percent to 132.55 points.
