On Monday, the German stock market continued the friendly end of the previous week. In the wake of the significant price gains on Wall Street, the Dax rose by 0.79 percent to 12,209.48 points. The leading German index was thus able to stabilize further at the start of the new stock market month of October.
After the weak September and a price drop of almost a quarter since the beginning of the year in the Dax, some investors are now apparently counting on a recovery in the final quarter. The last quarter of the year is usually considered the strongest stock market phase of the year. Bargain hunters were also out and about in the USA at the beginning of the week, which is how observers justified the strong price reaction there. Weak US economic data also probably gave new impetus to market hopes for a less restrictive monetary policy by the US Federal Reserve.