Already on Friday it was indicated, which also shapes this trade week: buying a purchase at the German parquet.
The DAX started the new trade week 0.3 percent lower at 23,567.49 points. Then he remained on negative terrain and visibly expanded the losses. In the second half of the trade, the minus then became a little lower. Ultimately, 0.48 percent went down to 23,527.05 points.
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.
September blues at the DAX?
Analyst Jochen Stanzl from CMC Markets spoke of the persistent September Blues des Dax, while the US exchanges after the first US interest reduction are rushing from record this year. “While the investors in the United States have been encouraged by the lowest number of winning warnings for a year, they fear in this country from numerous negative surprises. The DAX remains in the trade margin, which has been capturing it for a good three weeks,” said Stanzl.
Dax between armaments and automotive shock
From the industrial perspective, the armor values were once again in demand above average. After Russian fighter jets entered the Estonian airspace, the UN Security Council on Monday to form an urgency meeting. The NATO countries should also come together for advice on the incident at the beginning of the week.
On the other hand, automobile stocks were located: after winning warnings from the top rows, this sector was visibly under pressure today.
Index adjustments cause a sensation
Changes in the DAX were already pending 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
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