Investors remain cautious on Tuesday. After last week’s record rally, profits on the German stock market are currently crumbling somewhat. Market participants are holding back after the stock exchanges in the USA also paid tribute to their strong run the day before and the Asian stock markets are currently also mostly falling.
Investors remain cautious on Tuesday. After last week’s record rally, profits on the German stock market are currently crumbling somewhat. Market participants are holding back after the stock exchanges in the USA also paid tribute to their strong run the day before and the Asian stock markets are currently also mostly falling.
The Dax, which shone on Friday with a record of just over 17,800 points and extended its annual gain to a good 6 percent, fell by 0.21 percent to 17,679.63 points in early trading. The MDax, the index of medium-sized companies, also fell by 0.21 percent, falling to 25,931.98 points. The Eurozone leading index EuroStoxx 50 also lost 0.21 percent to 4902.49 points.
“The overarching picture remains constructive,” say the experts at Helaba about the DAX. Portfolio manager Thomas Altmann from QC Partners speaks of a dwindling willingness to buy, but also does not see any large-scale profit-taking or increased hedging activities. According to him, the focus is already on the meeting of the European Central Bank on Thursday. Investors could also be disappointed by China’s growth target of 5 percent for this year, which is only in the same range as last year.
In the United States, this trading day also marks “Super Tuesday” in the presidential election campaign, i.e. internal party primaries in more than a dozen states in the USA, which is likely to ensure a wait-and-see attitude on the stock markets.
Source: Stern
