The DAX stayed in a record mood and for the first time the next round of psychologically important hurdles of 24,000 points. Moody’s US rating ratio seems to be priced. But is the price level of the leading index too high for other buyers?
The DAX had skipped 24,000 points on Tuesday and thus break another record. At the start, the leading index increased by 0.29 percent to 24,004.39 points. The new all -time high is 24,082.48 points.
The Dax remained on green terrain, but had lost momentum in the late afternoon in the course of a little lighter US exchanges. He ended the session 0.42 percent higher at 24,036.11 points and thus also marked a new high on the final course basis.
The Wall Street course turn after her weak start caused rising courses in Asia in the morning. Because the most important US indices ultimately put the ratinababment by Moody’s away very well.
Records about records – are profit take now in sight?
The round thousands of brands tumble this year, the DAX has won a good 20 percent since the beginning of the year. After the good run, however, there are also warning voices and signs that the rally could tend to end. “As few Dax shares as yesterday were last traded on January 3.. That was actually still in the Christmas season. This suggests that hardly anyone is willing to buy at the currently high level of price,” says QC Partners. As long as no profit -taking, it would go well. Larger profit from the DAX could then press the DAX quickly.
Moody’s US classification no surprise
Benoit Anne, bond expert at MFS Investment Management, pointed out that Moody’s’s step was not a surprise and “technically a late adjustment to the rating of the other rating agencies”. With Moody’s, the United States also lost the top grade for the credit rating at the last major rating agency. The trigger is the high public debt.
Vague Ukraine hope
After his phone call with the Russian president Vladimir Putin US President Donald Trump also prospect immediate negotiations in the Vatican about an ceasefire between Russia and Ukraine. If the conversations actually make a breakthrough, this would take a long -term uncertainty factor for the market, analyst Thomas Altmann from QC Partners commented.
Other experts like the LBBW analyst Uwe Streich are more skeptical. “Trump’s phone call with Putin device for the farce,” he wrote in a comment. Putin continues to remove a ceasefire. Nevertheless, Donald Trump described his two -hour telephone call yesterday with the Russian premier as “excellent”.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires