FRANKFURT (dpa-AFX) – The DAX could seal a strong stock market week on “Black Friday” – even if there is likely to be little going on on Friday at the start. Since the broker IG valued the German leading index a few points higher at 23,777 points two hours before the start of Xetra trading, the leading index is heading for a weekly increase of around three percent. The actually good stock market month of November would still end with a discount of a good 0.8 percent.
After the 200-day line, the DAX recently exceeded the 21-day line again, which is sending positive chart signals again in the short and long term. “Hopes for a ceasefire in Ukraine have improved sentiment in Europe,” wrote equity strategist Emmanuel Cau of Barclays Bank on Friday.
The willingness to take risks is returning, also because of renewed hope for one Interest rate cut the Fed in December and the rising prices in the technology sector. He believes a ceasefire would remove a major tail risk for Europe and force investors to think about the positive aspects of further de-escalation.
New impulses from the USA could remain limited on Friday, as trading there will only be shortened after the Thanksgiving holiday. On Black Friday, which is important for the Christmas shopping season, the focus is on shopping bargains. On the New York stock exchanges, many investors use this time for a long weekend./tih/e.g