The DAX continues to increase in the middle of the week. He reaches a new record, driven by a number of significant events.
The DAX started the session 0.67 percent in plus 24,253.69 points. In the further course, it continues to move on positive terrain and makes it to a new all -time high with a daily high of 24,346.15 points.
On May 27, a new record -based record was reached at 24,226.49 points.
The minor value is also uphill – the MDAX at times reaches its highest level since 2022 with over 31,000 points.
Customs dispute remains uncertainty factor
With the support of Wall Street, investors on the German stock market would have broken courage, wrote the experts from the Landesbank Helaba in the morning. However, the risk of a new slip has not yet been banned, also because a compromise in the customs dispute between the USA and the EU and China has not yet been found. A statement by US President Donald Trump that it was difficult to achieve a trade success with China’s head of state XI did not really counter the positive course.
On Wednesday, tax reduction plans in Germany also cause buoyancy. With tax relief, the federal government wants to ensure that the economy invests more and comes out of the crisis. The cabinet in Berlin decided to do a billion -dollar package with extended depreciation options for machines and electric vehicles.
US work market data at a glance
Employment in the US private industry rose weaker than expected in May. As the labor market service provider Automatic Data Processing INC (ADP) reported, only 37,000 positions were created compared to the previous month. Economists surveyed by Dow Jones Newswires had predicted a plus of 110,000 jobs. In April, the bottom line was 60,000 jobs, and thus reported 2,000 less than originally registered.
“After a strong start to the year, the attitude loses momentum,” said ADP chief economist Nela Richardson. “However, wage growth remained almost unchanged in May and remained at a robust level for both employees who kept their jobs and for those who changed work.”
ECB interest rate decision comes into focus
On Thursday, Chancellor Friedrich Merz’s inaugural visit will take place in the White House with US President Donald Trump. Here, the focus is likely to be in particular on the efforts to end the Ukraine War, the NATO reaction to the growing threats from outside and the customs dispute between the USA and the EU. In addition, the ECB’s key interest rates are also due on Thursday. Market observers expect the European Central Bank (ECB) to reduce the key interest rate again. Recently published inflation data from the Euro zone underpin this assumption.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires
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