Frankfurt Stock Outlook: Dax continues its record run - progress on tariffs

FRANKFURT (dpa-AFX) - Progress in the tariff conflict between the US and China is expected to drive the DAX further higher on Monday in its record-breaking run. Stock markets in Asia have already largely risen, and investor sentiment in Europe is also expected to be positive.

According to the White House, an agreement was reached with China on the tariff dispute during talks in Geneva. However, details were not immediately available. Both sides announced a statement for Monday. The Chinese delegation initially spoke only of a "number of important agreements."

Now, investors are eagerly awaiting the concrete results of the negotiations, said portfolio manager Thomas Altmann of QC Partners in Frankfurt. The upcoming negotiations between Russia and Ukraine on a potentially lasting peace are also viewed positively, as is the ceasefire between India and Pakistan on Asian stock markets.

About an hour before trading opened, the X-DAX, Germany's leading index, signaled a 1.1 percent increase to 23,761 points. Friday's record high was 23,543 points. The Eurozone's leading index, the EuroStoxx 50, is also expected to close higher on Monday.

With quarterly figures out, the focus is primarily on second- and third-tier companies, as well as a partial takeover offer for ProSiebenSat.1 ( ProSiebenSat.1 Media SE ). The fact that the Czech major shareholder PPF submitted a cash offer of seven euros per share of the media company caused a jump in the share price before the market opened. PPF intends to increase its stake from just under 15 to up to 29.99 percent, thus staying below the 30 percent threshold above which an offer for the entire group would be mandatory. The share price gained 10.5 percent on the Tradegate trading platform compared to the Xetra close on Friday.

Evonik ( Evonik ) delivered slightly better-than-expected first-quarter results, a trader said. This was due to the company's animal feed protein business, products for the paints and coatings industry, and pharmaceutical active ingredients, as well as continued cost-cutting efforts. The company confirmed its profit target for 2025. The stock reacted positively on Tradegate.

United Internet and its internet services subsidiary IONOS also saw gains in premarket trading, with Ionos now expected to post a new record high following the record high reached last week. Although network expansion costs at United Internet's subsidiary 1&1 weighed on earnings in the first quarter, the annual revenue target was raised slightly. Meanwhile, subsidiary Ionos became more optimistic about its earnings for the current year due to improved business in its smaller AdTech division, which focuses on digital advertising and domain trading.

Salzgitter and Hypoport ( Hypoport SE ) also posted slight gains in premarket trading. In contrast, software service provider Adesso ( adesso SE ) and SDAX newcomer ProCredit declined in premarket trading following the release of their quarterly figures.

Shares of Deutsche Bank's fund subsidiary DWS ( DWS Group GmbH & Co. ) could be affected by a statement by CEO Stefan Hoops. He told the business newspaper "Financial Times" that market fluctuations would likely drive asset managers' business deals. DWS shares gained on Tradegate./ck/jha/