DAX futures opened up 0.05 percent on 12,605.0 points from 05:50 GMT on Monday, amid a positive perception of the results of Sunday’s elections, as Chancellor Angela Merkel will continue to be responsible for Europe’s largest economy next term. Markets always welcome stability and a fair amount of conservatism in the political sense.
The Christian Social Union Merkel won 32.5 percent of the vote, remaining the leading party in parliament, although it fell from 41.5 percent registered in the 2013 elections.
The Social Democrats (LDS) fell to only 20.0 percent, while the right-wing AfD party received 13.5 percent of the vote, which allowed it to enter parliament for the first time.
Now Merkel must negotiate with other parties to form a coalition government, excluding the SPD, to remain in its place for another period.
Since Merkel seems to be on the path to stay, market players are less worried about the future of the first EU economy and, therefore, can reconsider further successes for the DAX.
The index closed on Friday at 12,592.35, a decrease of 7.68 points or 0.06 percent, and telecommunications, technology and utilities on the benchmark, while industrial enterprises, financial companies and food and drinks were able to limit daily losses.
The best papers of the session were Infineon Technologies, which rose by 1.28 percent to 20.885, and then E.ON SE NA added 1.24 percent to 9.313. Deutsche Lufthansa rose by 1.02 percent, ending the week at 22.875.
The worst papers of the session were Deutsche Boerse, which fell by 4.11 percent to 90,100, Linde fell by 1.11 percent, closing at 165.30, and Siemens decreased by 0.77 percent to 116.55. p >
Today, traders will follow the business expectations in Germany, the current assessment and the IFO business climate index for September. All reports will be issued from 08:00 GMT with readings of 107.9, 124.8 and 116.0, respectively.
Attention will also be directed to the speech of the President of the European Central Bank, Mario Draghi at 13:00 GMT.