After the light minus at the start of the week, the German leading index showed itself again in red on Tuesday after initially firm start.
The DAX had started the trade with a slight plus, but gave the winnings again in the early course and slipped into the minus. He ended the first day of the month with a loss of 0.99 percent at 23,673.29 points.
“After the price gains of the past few days, the current consolidation in the DAX is more than healthy,” emphasized analyst Jochen Stanzl from CMC Markets. He currently misses “real positive impulses” and sees the stock market barometer at a stand of over 24,000 points attractive for profit.
Dax record remains away
A new record for the German leading index remains at the moment: On June 5, the DAX had reached a new all -time high after the European Central Bank’s decision -making decision at 24,479.42 points. On this day he also achieved a new record on the final course basis at 24,323.58 points.
DAX cannot emulate US exchanges
There was no boost from Wall Street, where the Dow Jones has recently continued at the highest level since February. There were further records in the Nasdaq indices and the market-wide S&P 500 on Monday. However, the Wall Street is behavior on Tuesday.
Customs are again the investment topic
The focus is also on July 9th for investors. Until then, a solution in the EU trade dispute must be found with the United States, otherwise European companies will face tariffs from 50 percent to almost all exports to the United States. Analyst Thomas Altmann from QC Partners pointed out that the European Union is taking a big step towards US President Donald Trump: “The willingness to accept the basic customs of 10 percent permanently shows how much the EU wants to achieve a trade deal. This would regain its planning security in the EU.”
Iran war moves into the background, interest and the economy
In the Iran Israel conflict, a few days ago with the ceasefire and a round of negotiations aimed at by US President Donald Trump about the Iranian nuclear program. The oil prices sank, the share prices attracted. The focus of the Börsians is therefore more of the megatrend of artificial intelligence, NATO’s output destinations and Germany’s infrastructure plans. In addition there is the topic Monetary policy With the hope of soon -to -date interest reductions in the United States.
Signals, as is the case with the US economy and thus also the scope for action of the central bank Fed, should deliver economic data. This Tuesday and Thursday are the ISM shopping manager indices for the US industry and the service industry on the agenda. The monthly labor market report will also be presented in the United States on Thursday, because on Friday the usual Friday of the “Independence Day” gives the Americans a long weekend.
Expert Hans-Jürgen Delp from Commerzbank sees the clear focus on the US job report, in which he expects a structure of 110,000 jobs. The situation of the starting situation at the last major interest rod in September 2024. Perhaps driven by the pressure that President Trump exerts, the likelihood that the Fed will turn the interest screw this year. According to the DZ Bank, the majority of the market is expected to cut two interest on the market in September and December.
Redaktion finanzen.net / dpa-afx