The opening of China's borders and Friday's US labor market report are dampening economic fears among Dax investors.

The leading German index opened 0.3 percent higher at 14,651 points on Monday. "The US labor market is running hot and should actually drive prices and interest rates in the future," said Ulrich Stephan, Chief Investment Strategist for Private and Corporate Clients at Deutsche Bank. However, the markets have focused on the fact that average hourly wages have not risen as much as expected. This could reduce the risk of persistently high inflation rates. This in turn could prevent the US Federal Reserve from raising interest rates to such an extent that it would put a strain on the economy.

Among the individual stocks, the Sartorius share rose by 1.2 percent to 333.00 euros. The head of the Göttingen-based laboratory supplier, Joachim Kreuzburg, told the news agency dpa on Saturday that he expected certain areas of technology to be excluded from open trade between the West and China.

(Report by Zuzanna Szymanska, edited by Christian Rüttger. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)