Dax continues to grow thanks to good specifications – Business News

Directly from the dpa news channel

Frankfurt am Main (dpa) – Profits on the major overseas stock exchanges have given Dax a new impetus. During the first hour of trading, the German index advanced by 0.49% to 12,557.26 points

which corresponds to its recent friendly trend, which earned it a weekly gain of one and half percent Friday

. Analyst Milan Cutkovic of broker Axitrader hoped for solid business figures in the US for the coming season as well as Friday's good report on the US labor market for this positive performance.

Percentage at 26,135.20 points, the TecDax technology stock index gained 0.92% to 2788.43 points. The EuroStoxx 50 index of the euro area recorded an increase of 0.64% to 3470.43 points.

On Wall Street, which closed higher before the weekend, new gains were recorded. In addition, Asian markets rebounded after the trade dispute between the United States and China did not at least worsen over the weekend. "But there is still the fear that US President Trump will come in the second round of the trade dispute," Cutkovic warned.

Brexit remains a problem. After the agreement in the British cabinet, critics are focused on the compromise on the planned exit of the EU Prime Minister Theresa May, representatives of the national and foreign economy and the opposition do not go far enough. The departure of Brexit Minister David Davis caused further pressure

. In Dax, the electricity companies paid tribute to the initial gains from their recent rally. Despite the positive comments from badysts, RWE shares lost 0.50%, while Eon share fell 0.68%.

Lufthansa's share price, which has been low since the beginning of the year, rose by 2.59% despite slightly higher oil prices. Volkswagen's preferred shares remained at 0.04% on the spot, which left them clearly behind the market. Here are other issues hampered by the new rules for exhaust gas testing: The automaker is likely to take the drought through inspections a thousand times and stopped the tapes because of the new rules much longer than we originally thought.