Dax Outlook: Concerns about the gas

Frankfurt Investors are starting the new week with a lot of worries: fears of a recession are weighing on the market, as is the threat of a gas supply shutdown to Europe and interest rate hikes in the USA that are too rapid.

Last Friday, however, there was still little to be felt from the burdens. A friendly trend prevailed on the European stock markets. Wall Street investors were more cautious after a positive jobs report was interpreted as confirmation of further and rapid rate hikes. The Dax rose by 1.3 percent, the S&P 500 closed almost unchanged.

The biggest Dax winners came from economically sensitive sectors. Price increases of three to six percent were recorded by: Porsche, Volkswagen, Heidelberg Cement, Mercedes-Benz, Daimler Truck, MTU Aero Engines, Continental, BASF and Covestro.

In the case of car stocks from the VW Group, there was positive news about the IPO of the Porsche sports car brand. The prospect of rising interest rates helped the banking sector: the prices of Deutsche Bank and Commerzbank rose significantly.