Dusseldorf The German stock market got off to a good start in the new trading week. The Dax is 1.1 percent higher at 15,125 points on Monday afternoon.
Behind the leading index is a turbulent trading week with sometimes severe daily fluctuations. Last Friday, the Dax closed 1.7 percent lower at 14,957 points and was thus able to make up for some of its losses – at times the drop was significantly greater at 2.6 percent.
On Monday, the bank shares recovered significantly, pulling the Dax up with it: After a minus of 8.6 percent on Friday, Deutsche Bank shares were up six percent.
“Deutsche Bank is not the next Credit Suisse,” said the experts at the analysis firm Kepler Cheuvreux, with a view to the emergency rescue of the Swiss that suddenly became surprisingly necessary. The most pressing concern at the moment is the commitment to financing US commercial real estate. But it was made very transparent and easy to handle.
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