Week after the Fed Kingdock: That comes up to the DAX – red signs

The DAX started the new trade week 0.3 percent lower at 23,567.49 points. After that, he stays on negative terrain and visibly expands the losses.

All -time high of the DAX

On July 10, the German leading index reached a new record high at 24,639.10 points. So far, the highest closing course in the DAX history is 24,549.56 points.

DAX probably looking for direction

The DAX could also be difficult in the new week with a clear direction of direction. “The purchase interest is too low for new records, but still too high to prevent real autumn correction,” commented Markt analyst Jochen Stanzl from the CMC Markets House. Should the pioneering US exchanges continue their recent record hunting, this could also support a little in this country. The IFO business climate index could also ensure movement.

Most recently, the Dax was infected by the euphoria on Wall Street, wrote capital market strategist Jürgen Molnar from the broker Robomarkets. The leading index is only pulled along, but this prevents an expansion of the correction. The resistance at 23,854 points back down within reach. “Now a lot depends on the DAX whether other buyers are coming into the market,” stated market observer Thomas Altmann from the asset manager QC Partners. Some bargain hunters were already at work.

Sale initially finished?

After the Fed’s interest rate decision, the recent sale at the German stock market has ended from the perspective of analyst Frank Sohlleder from the Broker ActiveTrades for the time being. The US Federal Reserve had reduced interest rates for the first time in the current year and promised further interest steps. With a sustainable jump over the mark of 23,800 points, the DAX would now generate a clear purchase signal and attract other investors, added SohlLeder. This could be an initial spark for a new rally towards the record high.

New data ahead

“After the FED meeting, is before the FED session,” said investment strategist Mark Dowding from RBC Bluebay Asset Management with a view forward. The focus is on economic data that could provide information about the future monetary policy of the US Federal Reserve. Before the next labor market report is on the agenda in the following week, inflation should initially become important based on the PCE index on Friday. This is considered the preferred price measure of the Fed.

It is crucial whether the current increase in inflation is actually a temporary nature, as the Fed expect, said Robert Greil, chief strategist of private bank Merck Finck. In addition to the freight prices driven by the customs policy of US President Donald Trump, the price trend of services also seems to turn up again. “If the US inflation increases beyond the turn of the year, the further key interest rate reduction would make it unlikely,” warned Greil.

Index adjustments could bring movement

There are changes in the DAX at the beginning of the week. The real estate platform operator Scout24 and the plant manufacturer GEA replace the sports car manufacturer Porsche and the pharmaceutical and laboratory supplier Sartorius in the leading index. There is also something happening in the back rows, so the optic chain Fielmann rises into the MDAX. The DeutscheBörse subsidiary ISS Stoxx had already announced the change at the beginning of the month.

Redaktion finanzen.net / dpa-fx / Dow Jones Newswires