Dax surpasses 18,200 points, Deutsche Bank shares plummet

Dax surpasses 18,200 points, Deutsche Bank shares plummet World news


Morning stock market: Dax surpasses 18,200 points, Deutsche Bank shares plummet

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The German leading index Dax can start the new week with gains. The shares of Deutsche Bank, the largest financial institution in this country, are suffering significant losses.

The Dax starts Monday trading at 18,209 points. This means an increase of 0.26 percent or 48 points compared to the previous week. The MDax the medium-sized values ​​gained 0.49 percent to 26,175 points.

The top stocks in the Dax in the morning were MTU and Fresenius SE, each with gains of almost two percent.

Deutsche Bank shares lost a good four percent and took over the red lantern. Observers cited a Deutsche Bank announcement on Friday evening as the cause of the price weakness.

The Cologne Higher Regional Court (OLG) indicated in an oral hearing that Postbank shareholders could have been entitled to a higher price when Postbank was taken over by Deutsche Bank 14 years ago. This could lead to massive costs for Deutsche Bank.

Current inflation figures expected on Monday

The experts at Landesbank Helaba warned shareholders against having too high expectations of the DAX. It is said that consumer price data from the euro zone could put the interest rate cut expectations of the European Central Bank (ECB) to the test. Spain, meanwhile, reported a slightly lower price increase than expected in April.

Data from Germany follows in the early afternoon. The US Federal Reserve Bank will decide on its further monetary policy on Wednesday evening. It is widely expected that it will leave the key interest rate unchanged. The focus will be on signals as to when there will be a rate cut later in the year.

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