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Frankfurt Stock Exchange: DAX reaches record at start of trading

Frankfurt Stock Exchange: DAX reaches record at start of trading

The mood on the German stock market remains consistently positive after the long Easter weekend. Positive economic signals from the USA over the Easter weekend and from China continue to keep investors in a good mood. They drove the Dax to another record high right at the start of trading on Tuesday. However, turnover on the stock market is quite low due to the holiday season.

The mood on the German stock market remains consistently positive after the long Easter weekend. Positive economic signals from the USA over the Easter weekend and from China continue to keep investors in a good mood. They drove the Dax to another record high right at the start of trading on Tuesday. However, turnover on the stock market is quite low due to the holiday season.

After a robust first quarter, the leading German index recently rose by 0.28 percent to 18,543.75 points. Things are continuing strong; the DAX ended the first quarter on Thursday with a whopping increase of a good 10 percent. The MDax gained 0.50 percent to 27,179.52 points on Tuesday morning. The EuroStoxx 50, the leading index for the Euro region, rose by 0.53 percent to 5110.55 points in early trading.

As announced on Sunday, the manufacturing sector in China is once again more optimistic about the business situation after gloomy months. The Purchasing Managers’ Index (PMI) rose over 50 points in March, for the first time in six months. This is an important threshold, the crossing of which signals an expansion of business activity.

In addition, income and inflation data from the USA on Friday were well received by investors. However, according to analyst Stephen Innes from SPI Asset Management, the positive data from US industry on Easter Monday also brings with it unpleasant inflation signals.

Interest rate cuts are also an important topic for the European Central Bank (ECB), which is expected to take a first step in June. But whether this actually happens depends on the development of inflation. As the day progresses, the corresponding March data for Germany and on Wednesday for the Eurozone come into focus.

Source: Stern

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