After recovering for several days, the leading German index took a breather on Thursday and was initially standing still.
The DAX started Thursday trading marginally firmer at +0.03 percent at 23,732.81 points and then continued to trend close to the previous day’s closing price.
Past DAX records at a glance
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.
November losses ironed out thanks to interest rate hopes and Ukraine fantasy
p> “The DAX has almost made up for its November losses. Since the American central bank raised hopes for interest rates, there is hardly any sign of fear on the trading floor. The November blues have quickly turned into a Thanksgiving rally,” commented market analyst Jochen Stanzl from Consorsbank.
The markets have recently been driven primarily by the hope of an end to the war in Ukraine and a certain level of interest rate optimism. In the USA, the market-wide S&P 500 managed to get close to its correction trend from the record at the end of October the evening before.
US stock markets closed for Thanksgiving
Meanwhile, no fresh impulses are expected from the USA this Thursday: there will be no trading on the US stock exchanges due to the Thanksgiving holiday.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires
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