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Entertainment week start to Frankfurt Stock Exchange: Dax in red - under 14,500 mark

19:00  05 december  2022
19:00  05 december  2022 Source:   finanzen.net

OB candidate Rottmann gives office as State Secretary to

 OB candidate Rottmann gives office as State Secretary to © Bernd Kammerer "I am about to find an apartment": Manuela Rottmann moves to Frankfurt. The mayor candidate of the Frankfurt Greens, Manuela Rottmann , wants to give up her office as a parliamentary State Secretary in the Ministry of Agriculture at the end of the year. She wants to concentrate entirely on the election campaign, according to a press release. "I agreed on this with Federal Minister of Agriculture Cem Özdemir," said the former Frankfurt environmental director.

at the German stock market, investors do not venture out of cover at the start of the week.

Hannelore Foerster/Getty Images © provided by Finanzen.net Hannelore Foerster/Getty Images

The DAX noted 0.29 percent lower at 14,487.43 points. Currently, 0.61 percent go down to 14,441.41 points.

Last week he had only missed the ninth week of winning in series by a few points, although on Friday he had reached another maximum since June and had defied a strong US labor market report.

economic data in view

shopping manager indices from the euro zone had little influence on the courses on Monday.

Investors, regardless of the recent US labor market report, which had shown unexpectedly strong employment growth, "threw again quickly overboard," commented analyst Christian Henke from the broker IG. "But the prospect of loosening the zero-Covid policy in China and a smaller interest step in Europe were also able to calm investors a little." The stock exchanges in China and especially in the Chinese special administration zone Hong Kong increased significantly at the beginning of the week.

In addition, the German Stock Exchange checks the composition of the DAX and further selection indices. The changes will be announced on Monday after the market closing.

Redaktion finanzen.net with material from reuters and dpa (AFX)

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