On the German stock market, positive signs can be identified at the middle of the week. Sailing winds from overseas and signals from customs policy drive the DAX.
With an increase of 2.39 percent to 21,801.66 points, the DAX opened Wednesday trading on the Frankfurt stock exchange. Afterwards he continues at this level.
The leading index is again approaching the 22,000-point mark, where a price slide had started at the beginning of April because of the customs policy of US President Donald Trump.
On March 18, the German leading index had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The DAX ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
Signals for the US customs dispute with China and SAP balance sheet at a glance
The recently under pressure SAP index heavyweight supports the DAX after strong business figures were presented. The software company wrote a significantly higher operational profit than expected from analysts.
But above all, hope for the US customs dispute with China. U.S. President Donald Trump signaled Paul Atkins, who was swearing out of the new stock exchange supervisor, not wanting to fight with hard bandages. Previously, the spokeswoman for the White House, Karoline Leavitt, explained that the United States is coming up with China in relation to a possible trade agreement. According to media reports, US Finance Minister Scott Bessent also promised an early de-escalation in the customs dispute.
“Panic in the opposite direction”
Market observer Stephen Innes from the asset manager SPI Asset Management spoke in the morning of an “art of the deal” that goes to the discussion. “What we are experiencing now is panicked in the opposite direction,” he added with a view to the price gains. The day before, fears had spread at the markets with a view to US Federal Research chief Jerome Powell after Trump had once again attacked it verbally. In this regard, Trump now did not emphasize the intentions of the dismissal. “With this, some trust returns,” wrote market observer Thomas Altmann from QC Partners.
Redaktion finanzen.net / dpa-afx