DAX increases 0.8% as investors react to federal election results

Brusels (DPA -AFX) – German stocks are firmly rising on the positive territory on Monday morning, with investors digesting the results of the general elections of the nation, who have seen that the Christian Democratic Union (CDU) was a victorious emergent.

It seems that CDU, led by Friedrich Merz, negotiates to form a coalition government with the Social Democratic Party (SPD), which could lead to pro-Christian policies and reforms.

Also, investors follow geopolitical developments and continue to react to the latest revenue updates.

Benchmark Dax was 174.32 points or 0.78% at 22,438.61 a short time ago.

Rheinmetall earns almost 4%, and Vonovia increases by 3.1%. E.ON, Bayer, Rwe, BMW, Daimler Truck Holding, Merck and Qiagen advance 2 to 3%.

Commerzbank, Continental, Mercedes-Benz, Deutsche Post, Volkswagen, Munich Re, Porsche and Brenntag earn 1 to 1.8%.

Siemens Energy decreases almost 5%. Siemens Healthineers decreased by 1%, and Infineon is less than 0.6%.

On the economic front, a report by the IFO Institute said that the IFO business climatic indicator was at 85.2 in February, unchanged from the slightly revised reading of the previous month. Reading was expected to come to 85.8.

The current IFO index in Germany decreased to 85.0 in February, from a revised 86 points in January and under forecasts of 86.5. The IFO expectations index in Germany increased to 85.40 points in February, the highest in three months, from 84.3 revised up in January and above the 85.2 forecasts.