Frankfurt shares end: Dax and MDax with records

FRANKFURT (dpa-AFX) - The German stock market continued its soaring from Friday at the beginning of the new week and posted new records. According to stockbrokers, the indices received support from some unexpectedly good preliminary company figures for the past quarter. In the afternoon, moderate price gains on Wall Street provided additional positive impetus.

The Dax just before the end of Xetra trading, it climbed to a record high of 15 points and closed with an increase of 806,90 percent at 0,65 points. Even the MDax reached a peak in the course of trading and ultimately gained 0,52 percent to 34 points.

The EuroStoxx 50 as the leading euro zone index, it advanced by 0,62 percent to 4093,38 points. In Paris the Cac put 40 by around 0,5 percent, while the FTSE 100 almost stagnated in London. The Dow Jones Industrial was listed on Wall Street around 0,2 percent firmer at the close of trading here.

The Volkswagen preference shares were on the right track which, at plus 2,7 percent, continued to recover from their low since mid-March. Thanks to strong key data, they had already risen by around 6 percent on Friday.

The energy values ​​were also in good demand. So the papers from RWE moved by 2,4 percent. The analysts at Goldman Sachs see some catching up to do with “green” European utility stocks like RWE. The shares of the energy technology specialist Siemens Energy gained 1,2 percent after the British bank HSBC had raised the price target to 38 euros. This target implies a price potential of almost half of the current price.

On the company side, there was news about Bayer from which the shares of the chemical and pharmaceutical company could not benefit. They fell 0,3 percent, despite the fact that the drug Finerenone received US approval, which was already expected. Meanwhile, the former Bayer subsidiary Covestro had a raised outlook for the year, which was also not surprising. The plastics group's share gained 0,6 percent.

Qiagen's shares fell 2,9 percent after the diagnostics and biotech company lowered its full-year sales outlook after a weaker than expected second quarter. The company's profit outlook has also been adjusted.

For the euro was last paid $ 1,1857 on Monday. The European Central Bank (ECB) had set the reference rate in the afternoon at 1,1852 dollars. On the bond market, the current yield rose from minus 0,39 percent on Friday to minus 0,38 percent. The Rex bond index fell 0,02 percent to 145,44 points. The Bund Future, on the other hand, rose by 0,07 percent to 174,04 points./edh/men
- By Eduard Holetic, dpa-AFX -