Frankfurt There was slight profit-taking on the German stock market on Monday: the leading index Dax closed 0.4 percent down at 16,081 points. On Friday, the Frankfurt stock exchange barometer was 1.3 percent higher at 16,148 points.
Among other things, the unexpected declines in the purchasing manager indices for Germany and the euro zone are putting pressure on the mood. The purchasing managers’ index for US industry also fell again – which means that interest rate expectations are at least not rising any further.
The German mechanical engineering companies are also continuing to struggle with customers’ weakening investment mood. In May, incoming orders fell by ten percent compared to the same month last year, the Association of German Mechanical and Plant Engineering (VDMA) announced on Monday. The traditionally important foreign business has a minus of 18 percent in the books, while domestic orders have increased by nine percent.
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