FRANKFURT (dpa-AFX) – The DAX hovered around the 25,000 point mark on Tuesday. The Dow Jones Industrial’s continued record run on New York’s Wall Street did not provide any lasting impetus in the afternoon, especially as its profits largely crumbled during trading. Ahead of the US labor market report for January, which is expected in the middle of the week, investors preferred to stay on the sidelines.
The location on the US labor market is an important influencing factor for the monetary policy the Fed, which is expected to lower interest rates over the course of the year. The pace and extent of these are currently an important adjustment screw for stock market events worldwide.
The leading German index ultimately fell by 0.11 percent to 24,987.85 points. The MDAX, the index of medium-sized stock market stocks, ended the day down 0.01 percent to 31,962.21 points.
According to the chart experts at UBS, a return of the Dax above 25,000 points will only be sustainable if the price gap from January 19th is closed. That would be the case if the German stock market barometer climbs back to 25,300 points. Then it could go even higher, to a record high of just over 25,500 points. Around three weeks ago, however, the Greenland dispute initiated by US President Donald Trump seriously worried investors and triggered profit-taking.
With a view to Europe and the USA, the EuroStoxx (EuroStoxx 50) closed 0.20 percent weaker at 6,047.06 points after the leading index of the Euroregion reached a record during the day. The Swiss leading index SMI and its counterpart in London fell moderately. In the USA, after setting a record shortly after the start of trading, the Dow recently rose by 0.5 percent, while the technology-heavy NASDAQ 100 showed itself at the close of the previous day./ck/he