European investors have been cautious after surprisingly strong US employment figures recently. the Dax edged down to 15,745 points at the start of the week. The recovery in the US labor market has put the time of a reduction in Federal Reserve aid back to the center of concerns for investors in the United States. On Friday, the most important Wall Street indices hit record highs and so reacted to the labor market report. The Dax had just missed its record. In the United States, more jobs were created in July than expected; at the same time, wages have increased significantly. After the jobs data, investors are hoping for more clues from the next US inflation report later this week.
In terms of individual values, a degradation put the values of Heidelberg-Cement under pressure. With an almost three percent drop, the building materials company’s share was one of the lowest values in the DAX. Analysts at UK bank Barclays downgraded the world’s second-largest cement producer to “underweight” as they expected more moderate earnings growth amid inflationary pressures. In contrast, the entry of German rival Delivery Hero into UK food supplier Deliveroo was well received by investors. Shares climbed ten percent on the London Stock Exchange to their highest level since the IPO in late March. Shares of Delivery Hero fell 3.2%. Delivery Hero acquired 5.09% of the shares of Deliveroo. Online catering platforms have benefited from increased demand during the crown lockdown. However, market watchers are wondering how much of the business remains with the opening of restaurants. Otherwise, utility values were requested, RWE was ahead of Dax with a more than 1.5%. Auto stocks, on the other hand, were avoided on Monday. Daimler lost 1.9% in Dax, mainly due to a canceled buy recommendation from Jefferies. Apart from the most important indices, the Schaltbau share jumped 38%. The Munich-based traffic technology specialist is about to be taken over by US financial investor Carlyle.
It was on Wall Street Dow jones in the middle of trade with 0.2 percent in the red.