DAX Gains as Earnings Season Kicks Off
Frankfurt’s DAX 40 rose more than 0.5% to around 25,220 points on Monday, extending Friday’s gains as softer oil prices and bond yields continued to support market sentiment. Investors are looking ahead to a busy week, with the US earnings season set to begin with results from major banks. Several European companies are also due to release their quarterly results, while US inflation data will be closely watched for clues about the Fed's future monetary policy. German politics is also in focus after Bärbel Bas announced that she would step down as Labour Minister and as leader of the Social Democratic Party. Among individual stocks, Volkswagen gained 1.6% ahead of an investor update and third-quarter sales figures, while Nordex reported a significant year-on-year increase in orders. Goldman Sachs downgraded Aroundtown to “Sell” from “Neutral,” while Nagarro is set to leave the STOXX small-cap index after India’s Persistent Systems acquired approximately 94% of its shares.
5% to around 25,220 points on Monday, extending Friday’s gains as softer oil prices and bond yields continued to support market sentiment. Investors are looking ahead to a busy week, with the US earnings season set to begin with results from major banks. Several European companies are also due to release their quarterly results, while US inflation data will be closely watched for clues about the Fed's future monetary policy. German politics is also in focus after Bärbel Bas announced that she would step down as Labour Minister and as leader of the Social Democratic Party.
6% ahead of an investor update and third-quarter sales figures, while Nordex reported a significant year-on-year increase in orders. Goldman Sachs downgraded Aroundtown to “Sell” from “Neutral,” while Nagarro is set to leave the STOXX small-cap index after India’s Persistent Systems acquired approximately 94% of its shares.