The DAX books profits on Thursday and takes a course on its latest record high – the 24,500 mark also remains in its sights.
At the start of the trade, the DAX was 1.08 percent in plus 24,502.99 points. In the further course, the stock market barometer is visibly above the zero line.
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.
ECB, tariffs, balance sheets and economic data – schedule full
In view of the abundance of information with quarterly figures, the interest decision at the European Central Bank (ECB), new shopping manager indices and at the same time hope of a customs deal with the USA, the stock exchanges should concentrate on the customs issue. Reports indicate a 15 percent tariff for the EU, similar to Japan. After US President Donald Trump had frightened the stock exchanges with threatened 30 percent in the previous week, this should ensure relief. At the ECB, 91 percent of market participants do not expect any Interest rate. Most recently, the deposit rate was reduced to 2.00 percent in June and is therefore already at current level of inflation.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires
Image sources: Aleksandra Gigowska / Shutterstock.com, Maksim Kabakou / Shutterstock.com