At the start of the new week, investors on the German stock market are initially cautious.
The DAX started the new trading week 0.05 percent stronger at 17,743.44 points. It is currently down 0.03 percent to 17,728.95 points. This means that the German leading index is slightly below its record of 17,816.52 points, which was only reached on Friday. Here it closed for the first time at 17,735.07 points.
US stock markets continue record rally
Record figures on the US stock exchanges on Friday evening provide a tailwind in this country. Positively received economic news, the prospect of good business with artificial intelligence and the prospect of monetary policy easing once again fueled the record hunt on the US stock exchanges at the end of the week.
The hunt for records continues in Japan too
The Japanese Nikkei 225 continued its record rally at the beginning of the week. The leading index of the Tokyo stock exchange closed above 40,000 points for the first time. In the end he gained half a percent to 40,109 points, after temporarily climbing over 40,300 points. In the current year it has already increased by around 20 percent.
End of the rally? Warning signs are becoming clearer
“At the beginning of the new trading week, the crucial question is once again: How long can this rally continue?” writes portfolio manager Thomas Altmann from QC Partners. The warning signs are now becoming increasingly clear, as “the relative strength index of the DAX is at 79. Values above 70 are considered overbought. On the Japanese Nikkei 225, the relative strength index has climbed to a value of 82 today.”
Few balance sheets in focus
At the start of the week, the economic calendar is largely empty. Investors should keep an eye on the rapidly increasing figures on Turkish inflation.
The consumer goods group Henkel and the chemical company Evonik, among others, presented balance sheets.
Over the course of the week, in addition to the reporting season, the focus will be on the ECB’s interest rate meeting on Thursday and the US labor market report for February on Friday.
Editorial team finanzen.net / dpa-AFX / Reuters / Dow Jones Newswires