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Frankfurt / Main (dpa) - At the beginning of the week, the Dax did not quite defend its profits of the past three trading days.

He did not succeed in the continuation of the recovery he had hoped for, with the leading index initially hovering around breakeven at 15,400 points on Monday morning.

One hour after the start, however, it was then submerged in the red with 0.15 percent to 15,376.32 points.

The record high of 15,501 points reached three weeks ago remains within reach.

On Friday it gave the Dax a strong boost, which meant that investors' fears of rising key interest rates had noticeably decreased after a disappointing US labor market report.

But the momentum was missing for a further increase.

The MDax was clearly in the red on Monday, most recently losing 0.62 percent to 32,461.30 points.

The leading Eurozone index EuroStoxx 50 was also in the red.

The experts at Landesbank Helaba now see the market as trend-setting days in view of the seasonality in May and the ongoing reporting season.

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On Monday, the reporting season initially took place in the small caps area - with a very mixed picture.

At Aurubis, Wacker Neuson and Deutsche Pfandbriefbank, there were profits between 1.5 and 2.3 percent.

According to interim reports, there were also losers with Hypoport, TAG Immobilien and Carl Zeiss Meditec, with the shares losing up to 3.3 percent.

There were also figures from Traton, where the shares rose by 2.7 percent.

The main topic of conversation was an offer for the few remaining MAN shareholders, who will be offered a compensation of 70.68 euros per share.

This was a decent premium of almost 30 percent on the previous level of MAN shares, but the price was now even slightly above this offer.

In the course of the day, the corona vaccine pioneer Biontech also reported on the first quarter, in which the vaccine marketed together with Pfizer was already cheerfully vaccinated.

In Tradegate trade, it rose by around nine percent compared to the closing price there after it became known that the EU intends to purchase up to 1.8 billion more cans in the coming years.

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With 2.5 percent, the shares of Borussia Dortmund were a clear winner after the Revierclub regained a place to qualify for the lucrative Champions League at the weekend.

© dpa-infocom, dpa: 210510-99-536800 / 3