
On Monday, the German stock market is exhibiting an upward trend, as investors engage in selective buying in anticipation of significant central bank policy meetings scheduled for later this week. This week, the Federal Reserve, the Bank of England, and the Bank of Japan are set to announce their respective monetary policy decisions. The Federal Reserve is broadly anticipated to reduce interest rates, whereas the Bank of England and the Bank of Japan are expected to maintain their current interest rates without alteration.
Rheinmetall, Porsche, Allianz, RWE, and SAP have experienced increases ranging from 0.5% to 1%, whereas Deutsche Bank and Deutsche Telekom have also recorded modest gains. Bayer has experienced a decline of 2.7%, while Heidelberg Materials has seen a decrease of 2.4%. Commerzbank, Fresenius, Symrise, Merck, Porsche Automobil Holding, Continental, and Zalando have experienced declines ranging from 1% to 1.5%. In the realm of economic developments, it has been reported that Germany experienced an acceleration in wholesale price inflation during the month of August, driven by increases in food prices and non-ferrous ores.
- The benchmark DAX experienced an increase of 93.63 points,
translating to a rise of 0.4%, reaching a level of 23,782.24 recently. - Hannover Rueck is experiencing an increase of 3.6%.
- Munich RE has experienced an increase of nearly 2%,
while E.ON is witnessing a rise of approximately 1.5%.
The wholesale price index recorded an annual growth of 0.7%, following a rise of 0.5% in July. In a surprising turn of events, wholesale prices experienced a month-on-month decline of 0.6%. This decrease was more pronounced than the 0.1% drop recorded in July and signifies the second consecutive month of falling prices. It was anticipated that prices would increase by 0.2%.