The German stock market is likely to continue the fight for the around 25,000 point mark in the middle of the week after sliding below it again on Tuesday.
The DAX had ended Tuesday trading 0.11 percent lower at 24,987.85 points, after temporarily rising to a good 25,075 points during trading. On Wednesday, the around 25,000 mark remains in sight, pre-market indications predict that the German leading index will start 0.1 percent higher at 25,013 points.
The last DAX record
On January 13th, the DAX reached 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.
No new impulses
However, the US indices lacked fresh momentum on Wednesday, even though the Dow Jones Industrial once again reached a record high the evening before. Ultimately, however, there was hardly anything left of the price gain. The other indices shied away from pushing for their records.
Now it’s not just US investors who are eagerly awaiting the US labor market report, which will be presented on Wednesday afternoon Central European time.
Meanwhile, the company reporting season continues. The focus here in Germany is, among others, the energy technology group Siemens Energy, which continued to benefit from high demand for electricity in the first quarter of its financial year.
Editorial team finanzen.net / Dow Jones / dpa-AFX