Stock market: Shares of Porsche, VW, Mercedes-Benz and BMW rise significantly after tariff agreement

In response to the tariff agreement, shares of Porsche , Volkswagen , and Mercedes-Benz climbed between 3.5 and 2 percent. BMW shares improved by about 1 percent.

ProSiebenSat.1 shares rose by around 10 percent. Berlusconi's Italian group MediaForEurope increased its bid for the German media group.

Nordex shares rose by almost 1 percent on Tradegate. The wind turbine manufacturer significantly improved its profitability in the second quarter.

Bitcoin recovers from Friday's weakness

Bitcoin extended its weekend gains on Monday morning. In early trading, the oldest and best-known digital currency was worth $119,300 on the Bitstamp trading platform, significantly higher than at the end of last week. On Friday, the price temporarily fell below the $115,000 mark, but has since gradually recovered. Two weeks ago, the value of Bitcoin climbed to a record high of $123,236. However, the cryptocurrency was unable to fully maintain this level. According to experts, many investors are torn between the hope of new price records and the thought of cashing in their profits.