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Stock exchange in Frankfurt: Dax slowly moves back towards record high

Stock exchange in Frankfurt: Dax slowly moves back towards record high

The German stock market opened with further gains on Tuesday. The DAX rose 0.3 percent in the first few minutes to 18,826 points. This means that the German leading index is moving in small steps back to its record high of 18,892 points from mid-May. In the meantime, uncertainty about the central banks’ future monetary policy course led to a small correction to 18,515 points.

The MDax of medium-sized stocks rose by 0.3 percent to 27,361 points on Tuesday morning. The EuroStoxx 50, the leading barometer of the euro zone, gained 0.2 percent.

“After the US holiday, the stock market week only really starts today,” emphasized portfolio manager Thomas Altmann of QC Partners. “The last time the trading volume for the 40 DAX stocks was as low as yesterday was on the last trading day of 2023. Therefore, only today will we see whether yesterday’s price gains are sustainable.”

Source: Stern

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