After the DAX caught up in the middle of the week, the German stock index is expected to gain slightly again on Thursday.
The DAX appears somewhat firmer in pre-market indications and is therefore above the psychologically important 24,000 mark.
Initially no further records in sight
On October 9th, the DAX reached a new record high of 24,771.34 points. Ultimately, it ended that day at 24,611.25 units, which was also a new record based on the closing price.
DAX continues to trend sideways
The hangover at the round 24,000 point mark of the past few weeks and months is likely to continue.
The season of quarterly balance sheets has so far failed to give the market as a whole any decisive impetus, neither upwards nor downwards. “The DAX continues to trend sideways,” says analyst Martin Utschneider from broker Robomarkets. In the short term, however, the downside risks outweigh the risks.
Flood of business reports
On Thursday, investors are likely to continue to focus on the third quarter business reports. On the agenda are a number of DAX companies such as Commerzbank, DHL Group, Zalando, Heidelberg Materials, Henkel, Rheinmetall, GEA and Continental.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires