After the DAX’s small setback in the middle of the week, investors are likely to make some gains again on Thursday.
The DAX is expected to be on a recovery path again on Thursday after ending Wednesday trading 0.53 percent weaker at 25,286.24 points: In pre-market indications, the stock market barometer temporarily rose by 0.3 percent to 25,367 points.
The latest DAX record
It was only on Tuesday that the DAX hit an all-time high of 25,507.79 points, exceeding the 25,500 point threshold for the first time in its history. Ultimately, it ended the day at 25,420.66 points, which was a new record based on the closing price.
Slight setback after records also on US stock exchanges
Wall Street also experienced a setback from record levels in the middle of the week. However, it decreased on Wednesday after the European trading close. Ultimately, the market-wide S&P 500 passed the test of its 21-day line.
Investors are monitoring the situation in Iran and around Greenland
The mood on Thursday is supported by the sharp fall in oil prices. Statements by Trump on Wednesday evening give hope that military action by the United States against Iran is not imminent. Trump said he had been assured that Iran would stop killing protesters. This may indicate that he may refrain from threatening a military response to the crackdown on the nationwide demonstrations.
In addition, the situation around Greenland remains under review following talks between the USA and Denmark. Top officials from Denmark and Greenland said after a visit to the White House that they were unable to persuade President Donald Trump to abandon his ambitions to annex Greenland. Danish Foreign Minister Lars Løkke Rasmussen said the meeting was a positive step forward, even if it did not change Trump’s mind on the matter. A “fundamental disagreement” remained, he said, although talks would continue.
US banks’ accounting season still in sight
At midday, other US financial companies will follow with numbers – Blackrock, Goldman Sachs and Morgan Stanley. This is followed by the weekly initial applications for unemployment assistance at the start of the year. Further stimulus could also come from the economic index of the central bank branch in Philadelphia, the so-called Philly Fed.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires
By the way: BlackRock and other US stocks can even be traded on finanzen.net ZERO until 11 p.m. (without order fees, plus spreads). Open a depot now for free and secure a new customer bonus!
Selected leverage products on BlackRock
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on BlackRock
The leverage must be between 2 and 20
Advertising