Investors in European stock markets took advantage of the previous week’s price declines to come back. Of Dax was 0.8% higher at 15,728 points on Monday afternoon. In general, the business mood is not really willing to take risks, believes analyst Pierre Veyret of the brokerage firm Activ Trades. “Investors are cautiously watching economies reopen as the delta variant continues to expand, awaiting key macroeconomic data this week.” With weak data and the prospect of waning central bank support, the risk of a short-term correction in equity markets increases, especially as most indices are near record highs.
On the corporate side, the bidding war for Zooplus was the most important issue. Shares of the online pet supplies retailer rose 9% to a record high of € 473.20 atop S-Dax. Financial investor Hellman & Friedman increased its offer from 70 euros to 460 euros per share in cash. Financial investors EQT from Sweden and KKR from the United States have also expressed interest. So far, however, you should not have submitted an offer. United Internet shares, on the other hand, fell just under 4% as the weakest M-Dax. The internet and mobile operator prematurely ended its share buyback program, which had only been launched in August.
Shares of French vaccine maker Valneva plunged 40% in Paris after the British government terminated the supply contract for the Covid-19 VLA vaccine candidate in 2001. The reasons given were breaches of contract, which the government said. company denies. Valneva continues to hope for the first approval of VLA2001 at the end of 2021. On the US stock exchange, investors have also accessed shares. Of Dow jones was listed 0.8% higher shortly after trading started. In contrast, shares of Chinese technology companies listed on Wall Street were under pressure. Alibaba divested 2.7%. Baidu, JD.com and Tencent Music lost between 5% and 1.2%. Chinese authorities have banned tech giants from blocking each other’s links on their websites.