The DAX shows its friendly side on Wednesday. Positive developments on the customs front raise the mood of investors.
The DAX opened the Wednesday meeting with a surcharge of 0.85 percent at 24,246.80 points and then sticks to green terrain.
Dax record
It was only on July 10 that the leading index had reached a new all -time high at 24,639.10 points. So far, the final record is 24,549.56 points.
Customs deal with Japan gives hope
Before the rolling reporting season and the closer back deadline in the customs dispute with the USA, the loving course in the German leading index continues.
A “massive” trade agreement with Japan, which US President Trump announced. It was agreed on “mutual” tariffs of 15 percent. Trump had previously called for tariffs of 25 percent. The Tokyo Stock Exchange celebrated and the Europeans hope for a blueprint for their ongoing negotiations.
The trade contract between the United States and Japan is likely to have hopes for a similar “deal” with the European Union (EU), it said from the decabank. This is correspondingly positive for stock trading in Europe and especially in Germany. According to the experts, the fact that the movement is sustainable can be doubted. Proposals for countermeasures from the EU would be increasingly support.
Redaktion finanzen.net / dpa-afx
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