Following a sluggish beginning due to rising tensions in the Middle East, German stocks managed to regain a portion of their previous losses on Monday. Elevated bond yields, coupled with apprehensions regarding inflation and potential interest rate increases, dampen sentiment, leading investors to adopt a cautious stance. Germany’s 10-year bond reached its peak in 15 years, ascending to 3.199%, before subsequently declining to approximately 3.175%.
Brent crude futures experienced an increase, reaching $112 a barrel before retracting to $110.19, representing an approximate rise of 0.9% from the prior close. The benchmark DAX, having fallen to a low of 23,738.86 and losing nearly 220 points, was recently up 37.13 points or 0.15% at 23,993.32.
- Infineon Technologies experienced an increase of 3.4%.
- RWE experienced an increase of 2.5%, while Deutsche Boerse saw a rise of 2.3%.
- Siemens Energy and E.On experienced increases of 1.5% and 1.2%, respectively.
- Hannover RE, Rheinmetall, Munich RE, BASF, and Henkel experienced slight increases in their performance.
- Volkswagen, BMW, Mercedes-Benz, and Porsche Automobil Holding experienced declines ranging from 1.7% to 2.2%.
- Daimler Truck Holding experienced a decline of approximately 1.1%.
- Scout24 experienced a decline of approximately 2.7%.
- MTU Aero Engines experienced a decline of approximately 2%, whereas Heidelberg Materials, Bayer, Zalando, Siemens Healthineers, Brenntag, Beiersdorf, GEA Group, Commerzbank, and Vonovia saw losses ranging from 1% to 1.6%.