Stock exchange
Dax started slightly above the 19,000 point mark
The leading German index is recovering from its recent setback. But the last record is already well away.
The DAX continues to try to stabilize in the 19,000 point range. In the first minutes of trading on Thursday, the leading German index rose by 0.4 percent to 19,075 points.
The day before, at 18,838 points, the Dax had almost fallen back to its 100-day average line before it was ultimately able to just maintain the 19,000 point mark. The Dax has temporarily moved more than four percent away from its record of 19,674 points at the end of October.
The MDax fell by 0.1 percent to 26,220 points, while the Eurozone index EuroStoxx 50 recovered by 0.4 percent from its three-month low.
“The fear of Donald Trump is becoming increasingly noticeable on the stock markets in Europe and Asia,” wrote portfolio manager Thomas Altmann from QC Partners. In addition to Trump, the reporting season also continues to move the stock market – just the day before, Siemens Energy had one of the largest daily gains among DAX companies.
On Thursday, the focus will now be on the former parent company Siemens. The Munich-based company achieved record profits in the past financial year and remains optimistic. The shares gained 3.5 percent in the first few minutes.
dpa
Source: Stern
