
AI-generated summary
The accounting season of the major US banks is considered an important indicator for the stock market.
Dusseldorf. The Dax defends its gains from the past trading days and remains above the 25,000 point mark at the opening. At midday the leading index was barely changed at 25,336 points. At the close of trading on Monday it was just under 25,300 points.
With the start of the accounting season, the stock market will face an important stress test in the next few weeks. The big banks in the USA traditionally kick things off: JP Morgan reports on the third quarter on Tuesday before the start of trading on Wall Street. The slowing momentum in investment banking is worrying JP Morgan investors. The shares of the major US bank fell by up to three percent in premarket US trading after JP Morgan reported an eight percent decline in investment banking fees compared to the second quarter.

The major US banks JP Morgan, Goldman Sachs and Wells Fargo have published their quarterly figures. While JP Morgan and Goldman Sachs' trading revenues partially fell short of expectations, the sector as a whole is characterized by a technical correction.

Entrepreneur Reinhold Würth has opened his expanded art gallery in Schwäbisch Hall. Federal President Steinmeier used the ceremony to appeal to protect liberal democracy and free art from nationalist tendencies.

The Federal Employment Agency has approved insolvency benefits for 9,685 Galeria employees. Wages in the 83 branches are therefore secured until the end of the year. A decision is still pending for a further 1,600 employees.
The Federal Network Agency is allowing the postal service to increase postage by over 20 percent from January. A standard letter could cost between 110 and 115 cents in the future. While postage costs increase, prices for special shipping methods remain stable or decrease.

The airline Ryanair is reducing its services at BER Airport due to high location costs. The airport operator is reacting with a round of savings and investment postponements because passenger numbers are falling short of expectations.

Kai Viehof, heir to the Allkauf retail chain, has turned down a large part of his fortune and is donating the rest to organizations that promote democracy. He criticizes the concentration of wealth and advocates for inheritance tax reform.