A possible second term for Donald Trump in the USA is unsettling investors. The leading index is declining slightly.
A possible second term for Donald Trump as US President is dampening investor interest in the German stock market. The current stock market swings could continue for quite some time, said a market observer. The Dax continued its weakness from the previous day on Tuesday and closed down 0.39 percent at 18,518.03 points. The MDax lost 0.43 percent to 25,576.74 points.
On the US stock exchanges, however, the stocks rose again after the previous day’s gains. Stock market traders cite the so-called Trump trade as the reason for these movements. Investors in New York are therefore more pleased that Donald Trump’s chances of being re-elected have increased following the assassination attempt at the weekend.
Market strategist Thomas Altmann of QC Partners sees the DAX in the “usual summer slump”, which has recently been reflected in particularly low sales. The attempted breakout of the correction trend that has been in place since mid-May has turned into a false breakout for the time being. On Friday, the leading index rose to its highest level since the beginning of June, which is why some stock market traders already saw it on its way to a record high of 18,892 points.
Source: Stern
