The friendly stock market environment pushed the Dax towards a record high at the beginning of the week. The leading German index rose by 0.65 percent to 17,037.35 points on Monday. On Tuesday last week, the stock market barometer reached its record high of almost 17,050 points. The MDax of medium-sized stocks rose by 1.42 percent to 26,095.34 points at the start of the week.
The friendly stock market environment pushed the Dax towards a record high at the beginning of the week. The leading German index rose by 0.65 percent to 17,037.35 points on Monday. On Tuesday last week, the stock market barometer reached its record high of almost 17,050 points. The MDax of medium-sized stocks rose by 1.42 percent to 26,095.34 points at the start of the week.
The stock market is currently receiving tailwind from the rally in technology stocks in the USA. This is driven by the hope of high future profits through the use of artificial intelligence.
However, the DAX is having difficulty sustainably breaking through the 17,000 point mark, wrote Konstantin Oldenburger, analyst at the trading company CMC Markets. Follow-up purchases were still missing.
On Tuesday, the ZEW economic expectations, an important German leading indicator for the economy, will be published. In the USA there are also consumer prices, which are the subject of great attention worldwide. The inflation data from the world’s largest economy, along with the labor market and other important economic data, are among the key indicators that the US Federal Reserve uses for its interest rate decisions. The majority of the market now expects the first key interest rate cut in May, as inflation has already fallen significantly.
Source: Stern
