The DAX started trading 0.65 percent higher at 16,052.91 points. The stock market barometer is currently gaining 0.84 percent to 16,083.57 points.
US inflation data ante portas
We are eagerly awaiting US inflation figures on Tuesday, which are of great importance for the US Federal Reserve’s interest rate decision on Wednesday. A slightly positive influence comes from Wall Street, where the leading index Dow Jones Industrial recovered somewhat from the daily low on Friday after XETRA closed and closed moderately in the black.
Multiple interest rate decisions throughout the week
It will be interesting to see whether the Fed will initially pause interest rates and only increase them further in July. According to the experts at Credit Suisse, the probability assumed on the market is one rate hike still less than 30 percent in June. The week is also marked by interest rate decisions by the European Central Bank and the Chinese central bank on Thursday and the Bank of Japan on Friday.
BioNTech and UBS shares at a glance
Corporate news is in the spotlight on Monday. At the start of the week in Hamburg, the Mainz-based biotech company BioNTech has to face the first civil lawsuit for alleged damage caused by its corona vaccine Comirnaty.
In Switzerland, the major bank UBS has sealed the takeover of its ailing rival Credit Suisse. The deal creates a banking giant with over $5 trillion in assets under management. In March, the Swiss government orchestrated an emergency takeover of Credit Suisse by local rivals.
Editorial office finanzen.net / dpa-AFX / Reuters
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