Frankfurt / Main (dpa) – The prospect of success in finding a vaccine against coronavirus euphoric investors in the German stock market on Monday. In addition, driven by the results of the US elections, the Dax rose 4.94 percent to 13,095.97 points.
At its peak, it had even risen by more than six percent to its highest level since mid-September. Following Joe Biden’s victory in the US elections, the Dax had already started trading that morning. The leading index received a further boost from Mainz-based pharmaceutical company Biontech and its US partner Pfizer, who jointly presented promising data on the effectiveness of a corona vaccine.
This particularly boosted those populations that had been dragged particularly deep into the crisis by the virus in recent months. In the second row of trading, other indices were only able to follow the Dax with reduced momentum, as the stocks of many speculators from previous crises formed a negative counterweight on the MDax or SDax. The MDax ultimately gained 1.64 percent to 27,793.97 points.
At the Dax, the list of losers was short. Food delivery service Delivery Hero, one of the beneficiaries of the crown, was discounted by nearly six percent. But the list of winners was even longer with some double-digit percentage moves. Above all, this applied to the 16.6 percent higher holdings in engine maker MTU.
On the MDax, the peaks were even larger, with eleven index values showing a double-digit percentage increase. At the top, shares of Fraport, Airbus and Lufthansa, which were also marked by the aviation crisis, rose as much as 34 percent. Ticket marketer and event organizer CTS Eventim also grew 24 percent.
Meanwhile, the MDax of kitchen box supplier Hellofresh and drug mail-order company Shop Apotheke, whose shares fell 15 and 19 percent respectively, were cashed. The shares of laboratory equipment manufacturers such as Sartorius or Stratec, the Drägerwerk medical technology group, the remote maintenance provider Teamviewer or the online retailers Zalando and Zooplus also ceded.
The leading euro zone index, EuroStoxx 50, followed the Dax with a sharp increase of 6.4 percent; in Paris, the Cac 40 even won 7.6 percent. After all, the London FTSE 100 achieved a 4.7 percent increase. In the US, a price increase of nearly four percent lifted the leading Dow Jones Industrial Index to all-time highs.
The euro came under pressure against the US dollar, most recently the common currency cost US $ 1.1807. The European Central Bank had previously set the benchmark rate even higher at 1.1883 (Friday: 1.1870) US dollars. The current yield in the bond market was unchanged at minus 0.64 percent. The Rex bond index was unchanged at 146.61 points. The future of the Bund lost just under one percent to 174.38 points.