FRANKFURT (dpa-AFX)

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SHARES

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GERMANY: - MODERATE GAINS - After the first round of the French election, the Dax is likely to continue its recent stabilization on Monday. Broker IG valued the leading German index 0.7 percent higher at 18,365 points around two and a half hours before the Xetra start. In France, right-wing nationalist and bourgeois parties are fighting for power in the country after the first round of the parliamentary elections. Marine Le Pen's Rassemblement National (RN) is hoping to win an absolute majority in the National Assembly after its expected first-round victory and thus come to power. However, their lead is less clear than feared. President Emmanuel Macron and the left-wing camp will try to prevent her victory with a united front in the run-off elections on July 7. Both the left-wing alliance and Macron's party have said that they will withdraw in the constituencies in which they came third in favor of candidates who are able to beat the Rassemblement National.

USA: - PROFIT TAKINGS - US BORROWERS came out of trading slightly lower on Friday after another record run. After initial gains, the Dow Jones Industrial lost 0.12 percent to 39,118.86 points. For the week as a whole, this represents a loss of a similar magnitude. The monthly balance sheet shows a gain of just over one percent, and the stock market barometer has risen by just under 4 percent since the beginning of the year. The market-wide S&P 500 fell by 0.41 percent to 5460.48 points on Friday. It had previously reached a record high. JPMorgan expert Marko Kolanovic was extremely pessimistic about the index. He expects it to fall by a good fifth by the end of the year. The reason is stronger headwinds due to a weakening economy and falling profit forecasts.

ASIA: - LITTLE MOVEMENT UNDER THE LINE - Investors on the most important stock markets in Asia held back on Monday. In Tokyo, Japan's leading index, the Nikkei 225, was little changed shortly before the end of trading, having previously risen. The CSI 300, which includes the most important stocks on the Chinese mainland stock exchanges, was trading 0.1 percent higher in late trading. Management levels in China's manufacturing industry continue to take a cautious view of the market situation. The Purchasing Managers' Index (PMI) for the sector stood at 49.5 points in June. This means that for the second month in a row, the leading indicator did not exceed the 50-point mark, above which statisticians expect industrial activity to expand. Analysts had expected a similar figure in advance. There was no trading in the Chinese special administrative region of Hong Kong due to a public holiday.

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DAX 18235.45 0.14%

XDAX 18260.43 0.12%

EuroSTOXX 50 4894.02 -0.18%

Stoxx50 4491.43 -0.17%

DJIA 39118.86 -0.12%

S&P 500 5460.48 -0.41%

NASDAQ 100 19682.87 -0.54%

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BONDS / FOREIGN EXCHANGE / CRUDE OIL

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YIELDS:

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Bund future 131.11 -0.31%

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DEVISES:

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Euro/USD 1.0755 0.39%

USD/Yen 161.06 0.11%

Euro/Yen 173.23 0.49%

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CRUDE OIL:

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Brent 85.39 0.41 USD

WTI 81.96 0.42 USD

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/mis