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Deutsche Börse: the Dax closes higher | money

Frankfurt am Main – Hey! DAX! As soon as the US stock market stops trading, German prices go up!

Driven by economically sensitive values, the German stock market continued its recovery on Monday. After strong late trading, the Dax was up 1.06% to 13,265.60 points.

MDax increased by 1.56% to 27,483.21 points.

Late last week, the Dax started recovering after just holding 13,000 points after a significant slide. Today, due to a public holiday, the often negative impulses from the United States have apparently disappeared.

The main index of the euro zone, the EuroStoxx 50, grew by 0.9%. In Paris, the Cac 40 closed up 0.6%, while the FTSE 100 in London was up 1.5%.

Shares in the aviation and travel sectors were affected by the favorable wind. The Director General of the International Air Transport Association (IATA), Willie Walsh, announced at the Doha General Assembly that the industry is expected to return to the black by 2023. Driven by this, Lufthansa stocks have become the largest. MDax winner with a 7.6% increase.

Shares in Airbus and MTU also achieved strong price increases of 3.1 and 5.3 percent, respectively.

There were also greater price gains in the Dax for the particularly volatile stocks of the online specialists. The Hellofresh meal kit mailer stocks set the trend with a 4.1% rise. The Delivery Hero food delivery service, whose shares were up 3.8%, is no longer part of the Dax.

After a brief abstinence from Dax, consumer goods and adhesive manufacturer Beiersdorf is back in the first stock exchange league, whose shares are up 4.3 percent in the Dax. From an industry perspective, this was complemented by competitor Henkel with similar price increases. Solar and wind farm operator Encavis was promoted to MDax – and that gave the share a nearly four percent increase on Monday.

Evaluations by analysts have also moved the courses. A buy recommendation canceled by Oddo BHF pushed Siemens Healthineers shares down 1.2% in the Dax.

The euro was trading at $ 1.05346 in the late afternoon. The European Central Bank (ECB) set the benchmark rate at $ 1.0517 (Friday: $ 1.0486) in the afternoon.

On the bond market, the current yield fell to 1.55% on Monday. The Rex Pension Index rose 0.15% to 131.63 points. The Bund’s future fell 0.76% to 143.26 points.

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