At 178 euros, the shares of the German armaments manufacturer Rheinmetall were at a new record high in early trading on Monday.

Rheinmetall's shares had already risen briefly to just under 173 euros on Friday.

Several analysts had recently revised their price targets for the Düsseldorf group upwards.

On average, the observers expect a medium-term price of EUR 187.50 for the share.

15 out of a total of 17 analysts reported by the Bloomberg finance agency recommend buying.

Two recommend keeping them.

Nobody thinks a sale makes sense at the moment.

Gregory Bruner

Editor in Business.

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The record rally at Rheinmetall stands out from the rest of the market environment.

The Dax swung to a slight plus of 0.1 percent on Monday morning after a weak start to trading.

In the previous week, the Dax profit had added up to almost 6 percent.

Most recently, the leading German index had recovered from the interim low of 12,438 points reached during the Ukraine war by up to 17 percent to 14,553 points.

He had made up more than half of his setback from the record high of 16,290 points before he finally lost some feathers again.

Mean values ​​were slightly better overall.

The M-Dax gained 0.3 percent.

The Eurozone leading index Euro Stoxx 50 gained around 0.13 percent. The broader FAZ index gained 0.15 percent to 2487 points.

Oil prices rebounded Monday after falling over the past week.

A barrel of Brent crude oil cost $112, a good 4 percent more than at the close on Friday.

In parallel with the rising oil prices, the oil company Saudi Aramco reported at the weekend that it had more than doubled its profit in 2021.

On Sunday, a trading day on the Saudi stock exchange, shares of Saudi Aramco closed at 43.25 Saudi riyals, up 0.7 percent on the day.

On Monday, however, they lost again 0.3 percent to 42.95 riyals.

Attacks by Yemeni Houthi rebels on the group's production facilities were reported over the weekend.

Asian stock markets mostly fell on Monday.

In Japan, however, the stock exchange remained closed for public holidays.

In China, the CSI 300 index with the 300 most important companies from mainland China lost 0.17 percent to 4259 points.

On the Hong Kong stock exchange, the Hang Seng recently lost 1.11 percent to 21,176 points.