On Friday, the leading German index closed 1.1 percent higher at 25,087 points. It only fell below 25,000 points on Thursday and temporarily reached its lowest level since July 23rd.
The focus in the new week will continue to be the war in the Middle East, high energy costs, rising interest rates worldwide and the high national debt of some countries, but also two important events.
The Paris Motor Show starts on October 12th. With a record number of 20 brands from the People's Republic, including BYD and Chery, the Chinese presence will double compared to the previous trade fair in 2024. Domestic manufacturers want to prove their competitiveness by introducing new, more affordable electric models.
Europe's largest car manufacturer also presents its sales figures for the third quarter. The decline in sales accelerated further in the third quarter. Around 1.89 million vehicles from all Group brands were delivered to customers worldwide from July to September - 14.3 percent fewer than a year earlier, as the company announced.
Volkswagen is currently suffering in particular from the collapse of the Chinese market, which was its most important source of income for years. Added to this is the tough competition from Chinese providers on the European home market.
The VW subsidiary Audi also delivered almost a fifth fewer cars to its customers in the third quarter. In total there were 314,905 vehicles from the core brand, as the Ingolstadt-based company announced. This means a decrease of 19.7 percent compared to the same period last year.
The agreement between Europe and China on export restrictions for hybrid cars provides additional support, says Lipkow. This means that a further escalation of the trade conflict has been averted for the time being. Accordingly, European automotive stocks in particular could benefit from this. VW shares gained 1.3 percent at the start of trading - despite the dampening figures.
The seven-day annual meeting of the International Monetary Fund (IMF) and the World Bank begins in Bangkok. The meeting of finance ministers and central bankers from all over the world is overshadowed by conflicts in the Middle East, an energy price shock and rising interest rates worldwide. These factors together pose risks to the already sluggish global economic growth.
Also on the agenda for discussions is the high level of public debt in some countries, which is driving up yields and having an impact on financial stability. The economic consequences of artificial intelligence are also coming into focus.
After the recent significant price jump, the situation on the oil market is initially easing. Brent North Sea oil for delivery in December costs $103.92 per barrel (159 liters) on Monday, around 0.8 percent less than the day before.
Politically, however, the development remains explosive, as it could also shift the balance of power in the Ukraine war, said Andreas Lipkow, chief market analyst at CMC Markets. The situation in the Middle East also remains tense: Yemen's Houthi rebels have expanded their attacks on Saudi Arabia.
In addition to developments on the bond and oil markets, the start of the US reporting season is likely to provide further impetus for the direction of the Dax in the new week. Lipkow says: “With the official start of the US earnings season, investors are in for a potentially turbulent week.” The big banks in particular will have to show whether their business development justifies the high expectations of the stock market, he says.
Analysts say investors particularly want to know how the recent sharp rise in bond yields will affect acquisitions, lending and refinancing costs. Four of the six largest US financial institutions, JPMorgan, Goldman Sachs, Citigroup and Wells Fargo, will present their results on Tuesday. The financial figures from Morgan Stanley and Bank of America will follow on Wednesday. On Monday the bond market in the USA is closed due to a holiday.
