The prospect of further liquidity injections from the US Federal Reserve has encouraged investors to enter the stock markets. Of Dax increased at the start of the week by 0.8% to 15,902 points. Trading volume remained low, however, as Wall Street was closed for a public holiday and investors generally avoid larger exposures on these days. The stock market will continue to be shaped by US labor market data on Friday, said Neil Wilson, chief analyst at online broker Markets.com. “A disappointing number doesn’t mean the US economy has a problem.” But the Fed is unlikely to announce the planned limit on its securities purchases in September. The number of newly created jobs reported on Friday was 235,000, well below expectations.
From a business perspective, Monday was quiet due to the lack of important news. Emphasis has been placed on a number of stocks as part of the forthcoming reorganization of the main German indices. On Friday evening, Deutsche Börse announced the ten new DAX members from September 20. The biggest price gains among future DAX newcomers were recorded by shares of Airbus with more than 2.1% and Puma with a price increase of 0.9%. The composition of M-Dax, which will be reduced in the future, and the completely redesigned S-Dax have also been released. SMA Solar shares slumped after a warning on the solar technology company’s earnings of 13.5%. SMA has reduced its annual targets due to persistent bottlenecks in the supply chain. Sales and operating profit would be lower than expected, the company said.
Covestro papers rose 0.8 percent. Strong demand from the construction and automotive sectors as well as electronics and medical products continues to provide positive impulses for the plastics group. K + S shares increased their most recent gains by 2.8%. The fertilizer maker’s papers have gained nearly 16% in value since the mid-month low of the previous month. Speculation in the market has prompted mining group BHP to prefer to buy out the Kassel company rather than its own more expensive potash project in Canada.