The Dax is on a consolidation course on Monday after seven weeks of price gains. Around noon, the leading index recorded a minus of 0.64 percent to 14,338.80 points. The Eurozone leading index EuroStoxx 50 has developed just as strongly as the most important German price barometer in the past few weeks, which also fell slightly on Monday at minus 0.5 percent. The MDax of medium-sized stocks fell by 0.97 percent to 25,496.63 points.
Producer prices from Germany for October indicated that price pressure was easing. According to Commerzbank, the data raised hopes that consumer prices would soon reach their peak inflation rate, even if the inflation problem was far from over.
There was little company news on Monday. The Linux software specialist Suse sent positive signals with strong business development in the quarter and an optimistic outlook. The papers listed in the SDax gained 4.5 percent.
In the Dax, investors took profits in the shares of the flavor manufacturer Symrise, Siemens and the shares of the plastics group Covestro after a recent strong run, some of the shares lost more than three percent. Rheinmetall gained 2.9 percent at the top of the MDax. Deutsche Bank recommends buying.
The shares of the software manufacturer Teamviewer benefited from a positive investment recommendation from Barclays with a plus of 2.3 percent. The papers of the IT service provider Bechtle fell by more than five percent. Here the bank Exane BNP Paribas lowered the thumb and now voted "neutral".