On Monday, the Dax more than made up for its losses from Friday. In the first few minutes of Xetra trading, the leading German index rose by 0.99 percent to 13,708.43 points, continuing the generally positive first week of August. The MDax of medium-sized companies rose in the morning by 0.94 percent to 28,033.47 points. The Eurozone leading index EuroStoxx 50 gained 0.88 percent to 3758.27 points.
However, Jochen Stanzl, analyst at broker CMC Markets, remains cautious: “This week all eyes will be on the new data on inflation in the USA. After the strong US labor market data from the USA, the US Federal Reserve should continue to work at full steam act in their quest to fight inflation and raise interest rates aggressively.” That could spook investors again.
