Frankfurt / Main (dpa) – After the victory of the SPD in the Bundestag election, the German stock market starts the new stock market week with clear profits. The Dax climbed by 0, 91 percent to 15. 672, 51 Counter and the MDax of the medium-sized stock market values moved up by 0, 79 percent to 35. 560, 78 Dots forward.
The EuroStoxx 50 as the leading index of the Eurozone recorded an increase of 0, 62 percent to 4184 ,27 Counter. “The election results are received calmly on the financial markets,” commented Thomas Gitzel, VP Bank’s chief economist. «A left alliance is ruled out. From a financial market perspective, the greatest risk has thus been eliminated. But it is also clear: A clear break in the previous government work is not to be expected. ”
According to the preliminary result, the Social Democrats, with Olaf Scholz, are the strongest party. Nevertheless, on the evening of the election, not only Scholz but also Armin Laschet from the CDU claimed the contract to form a government for himself. Both are striving for a coalition with the Greens and the FDP. Difficult coalition negotiations are emerging.
In view of the possible impending political stalemate in Germany, according to Michael Hewson of CMC Markets UK, investors should now turn their attention back to the recently dominant issues such as supply chain blockades , rising energy prices and increasing inflationary pressures ». The fear of contagion effects from the crisis of the Chinese real estate company Evergrande has not yet disappeared. Last week, in the wake of the Evergrande crisis, the Dax fell to its lowest level in four months – but the prospect of a more relaxed monetary policy by the US Federal Reserve for the time being provided some relief and ultimately a small weekly plus.
On Monday, the prospect of future government participation by Green Investors moved increasingly into the papers from the wind power and renewable energies sector. Siemens Energy, as one of the Dax favorites, went up by a good 2.1 percent. Nordex advanced by 1.3 percent. Encavis rose by around one and a half percent, the wind power and solar park operator also announced the expansion of the portfolio in France.
The vote in the election for the Berlin House of Representatives, which is a continuation of the previous red-red-green Government makes possible, as well as the Berlin referendum on the possible expropriation of large housing groups, meanwhile, rebounded on the shares of the real estate industry. Vonovia in particular, as the Dax leader, rose in price by a good 4.4 percent. The company has now secured the majority in its competitor Deutsche Wohnen, whose shares lagged behind the overall market with a wafer-thin plus.
Zooplus advanced by more than four and a half percent because of the bidding contest for the online pet supplies retailer is entering an exciting new round. With an offer of 470 euros per share, the financial investor EQT has now outbid the recently raised offer from competitor Hellman & Friedman (H&F). The market may continue to bet on more, however, because the shares are now trading at over 485 euros.
Problems in logistics also hit the laser specialist LPKF, which is why its quarterly forecast lowered. The company expects lower sales and profits for the third quarter of the year, but is sticking to its forecast for the year. After initial losses before the market, the market participants opted for serenity, the shares have recently risen by around half a percent.