Stock exchange in Frankfurt: Dax rises despite negative specifications

Despite negative forecasts from Asia and the USA as well as increasing fears of US inflation, the German stock market presented itself in good shape at the start of the week.

Stock exchange in Frankfurt: Dax rises despite negative specifications

Despite negative forecasts from Asia and the USA as well as increasing fears of US inflation, the German stock market presented itself in good shape at the start of the week. The Dax passed the 12,500 point mark and was last listed 0.6 percent higher at 12,516 points after gaining around 1.3 percent in the previous week.

The MDax of medium-sized German companies gained 1.0 percent to 22,556 points around Monday afternoon. The leading eurozone index, the EuroStoxx 50, rose by 0.6 percent.

With a price increase of 0.7 percent, Lufthansa shares held up quite well in the face of negative news from the subsidiary Eurowings. Pilots at the low-cost airline went on a three-day strike on Monday morning.

The shares of the medical and safety technology company Drägerwerk, on the other hand, fell by 6.3 percent after a clouded outlook. In late trading on Friday, the shares had already fallen to EUR 37.80, the lowest level since 2010. After a weak quarter, Drägerwerk can no longer meet its annual targets due to ongoing supply chain problems and high material procurement costs.

At the financial service provider Hypoport, the fall in demand for real estate as a result of rising interest rates and economic risks is causing business to drop. The transaction volume on Hypoport's Europace credit platform fell significantly in the third quarter. The company only received the annual targets in September. The share certificates became cheaper by 3.2 percent.

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