The Dax was stable at a high level at the start of the stock market on Tuesday. The 16,000 mark remains in focus – despite weak retail and industrial data from China and the ongoing dispute over the US debt ceiling.
The Dax was stable at a high level at the start of the stock market on Tuesday. The 16,000 mark remains in focus – despite weak retail and industrial data from China and the ongoing dispute over the US debt ceiling.
In the first quarter of an hour, the leading German index fell by 0.09 percent to 15,902.93 points. The MDax, the index for medium-sized companies, was almost unchanged at minus 0.01 percent to 27,382.86 points. The Eurozone leading index EuroStoxx 50 fell by 0.16 percent to 4309.61 points.
“As long as the dispute over raising the debt ceiling in the USA is not settled and there is a risk of a default by the USA at the beginning of June, an upward liberation should be difficult,” wrote the experts at Landesbank Helaba on the Dax.
Thomas Altmann, portfolio manager at QC Partners, wrote about the China data: There is a simple reason why these data were “not received with great disappointment” despite everything: they nourished hopes of monetary policy easing in the Middle Kingdom.
Source: Stern
