Categories: Business

Frankfurt Stock Exchange: Dax at daily high – quarterly reports support

The Dax started the trading week shortened on Monday with strong gains due to the May holiday. Quarterly figures from Deutsche Bank and bayer were initially buoyant. Shortly before the close of trading, the automotive supplier Continental was added with its updated preliminary annual report. There was also positive news from Japan. There, the central bank is now helping the economy in the fight against the Corona crisis with unlimited government and corporate bonds.

Germany’s benchmark index closed at a one-day high of 3.13 percent at 10,659.99 points. The MDax, which is mostly medium-sized, was up 1.54 percent at 22,584.22 points.

Profits were also recorded in Asia, Europe and the USA. The euro zone’s benchmark EuroStoxx 50 index rose 2.60 percent to 2882.09 points, while Paris and London also posted strong gains. In the Us, the Wall Street index Dow Jones Industrial rose about 1 percent at the European close.

In the Dax, shares of the three companies that reported their quarterly results closed at a one-day high. Deutsche Bank’s shares rose particularly strongly at 12.7 percent.

The agrochemicals and pharmaceuticals group Bayer defied the Corona crisis in the past quarter thanks to high demand in the agricultural business and after the coagulation inhibitor Xarelto. Investors rewarded the fact that it also exceeded expectations with purchases. The stock gained 5.8 percent.

Shares of Continental were down 6 percent on the day after the auto supplier updated its previously released preliminary figures.

Adidas, on the other hand, rose only a moderate 0.7 percent. The sports goods maker cut sales and profits in the first quarter due to the virus crisis. Investors were hopeful that the recovery in China has continued in recent weeks.

Lufthansa’s shares, which rose 10.5 percent, were helped by the prospect of a multibillion-dollar bailout. The volume is between 9 and 10 billion euros, the German Press Agency reported, citing government sources. As recently as Thursday, the airline had admitted that it could no longer save itself from the Corona crisis on its own.

Wirecard’s shares experienced a sharp decline in the afternoon. After falling by almost 12 percent at times, they recovered by the close of trading. In the end, there was a small increase of 0.5 percent.

On the German bond market, the Rex bond index rose 0.05 percent to 144.78 points. The yield on circulation fell to minus 0.47 percent from minus 0.46 percent on Friday. The Bund futures lost 0.12 percent to 172.53 points in early evening.

The euro was trading at US1.0822 US cents. The European Central Bank set the benchmark rate at 1.0852 (Friday: 1.0800) dollars. The dollar thus cost 0.9214 (0.9259) euros.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

XRP News Today: Find Mining Launches the World’s First Zero-Entry XRP Cloud Mining App, Helping You Convert XRP into Stable Passive Income

Hamptons, New York, 2nd Aug 2025, ZEX PR WIRE,  Find Mining, a leading global digital currency…

1 day ago

Turn XRP’s Decline Into Daily Income — Find Mining Offers a Smarter Way to Profit Amid Falling Prices

Convert XRP’s price weakness into predictable, daily income—fully automated and risk-mitigated. Chicago, Illinois, 2nd August…

1 day ago

Libre Capital Rebrands As Kaio, Unveils Tokenization Of $100m Bitcoin Yield Fund To Pioneer Next-gen Rwa Finance

Abu Dhabi, UAE, 31st July 2025, ZEX PR WIRE, Libre Capital, a pioneer in onchain…

1 day ago

BTC, ETH, XRP Down: Sunny Mining Rolls Out Bonus Cloud Mining Plans to Turn Crypto into Daily Earnings

Miami, Florida, 2nd August 2025, ZEX PR WIRE, Recently, major cryptocurrencies have experienced a continued price…

1 day ago

Synapse Power Opens Contributor Access to Build the Future of Decentralized AI Compute

Synapse Power invites global participants to contribute computing power to its GPU network—powering the next…

2 days ago

Franklin Morgan & Associates Successfully Represented in DIAC Arbitration for $113M Award

New York, NY, 1st August 2025, Franklin Morgan & Associates is proud to announce that…

2 days ago