DAX in the plus - vaccine euphoria but quickly evaporates

Frankfurt Stock Exchange, about dts
Frankfurt Stock Exchange, about dts
The DAX rose on Monday, but the euphoria that had gone up over new vaccine data quickly fizzled out again.

At the close of Xetra trading, the index was calculated at 13.138,61 points, similar to the first few minutes of trading, an increase of 0,47 percent compared to the Friday close. In the meantime, the leading index had shot up about 1,5 percent after the US biotech company Moderna announced at noon in Germany that it had achieved a corona vaccine effectiveness of 94,5 percent.

Moderna shares temporarily gained over ten percent in German trading, while Biontech shares collapsed by the same amount. The German company published its test data exactly one week ago, which is slightly worse with an effectiveness of 90 percent - albeit at a high level. The European common currency trended somewhat stronger on Monday afternoon. One euro cost 1,1844 US dollars (+0,06 percent).