The DAX could seal a strong stock market week on “Black Friday” – even if there is little going on in early trading on Friday.
On Friday, the DAX started a marginal 0.05 percent higher at 23,780.75 points and is currently barely moving.
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.
Chart technology sends positive signals
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.
Hope for interest rates as support
Risk appetite is returning, also because of renewed hope that the Fed will cut interest rates 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.
Quiet US trading expected
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. Many investors on the New York stock exchanges use this time for a long weekend.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires