
DAX Futures are experiencing a significant rebound on Monday, moving into positive territory after the sharp decline observed in the previous session. Reducing apprehensions regarding the stability of the US banking sector, alongside anticipations of enhanced trade relations between China and the U.S., fosters a favorable sentiment in the market. US President Donald Trump aimed to alleviate trade tensions, asserting that the significantly elevated tariffs he had proposed on Chinese imports would not be sustainable. This week marks the commencement of a new round of trade discussions between the United States and China.
The benchmark DAX increased by 270.08 points, reflecting a rise of 1.13%, reaching a level of 24,115.49 recently. Data indicated that Germany’s producer prices experienced a decline of 1.7% year-on-year in September, subsequent to a 2.2% decrease in August. Prices have exhibited a downward trend since March. In the latest month, producer prices experienced a decline of 0.1%, contrary to expectations of a 0.1% increase. Nonetheless, this represented a deceleration compared to the 0.5% decline recorded in August.
Rheinmetall is experiencing an increase of 4.15%. Infineon Technologies is experiencing an increase of approximately 2.3%, whereas Siemens Energy, Daimler Truck Holding, Commerzbank, Deutsche Telekom, SAP, and Heidelberg Materials are rising between 1.5% and 2%. Siemens, GEA Group, Brenntag, Deutsche Bank, MTU Aero Engines, Bayer, Adidas, and Fresenius have experienced an increase ranging from 1% to 1.4%.
Merck, Mercedes-Benz, Vonovia, Volkswagen, and Porsche Automobil Holding have experienced declines ranging from 0.5% to 1%. Thyssenkrupp’s shares have declined by over 20% following the company’s decision to spin off a minority stake in Thyssenkrupp Marine Systems as part of its restructuring strategy.