The Dax continues the way back to his record high on Monday. It was only on Friday that the German stock exchange barometer had recaptured the psychologically important 23,000-point mark, driven by hopes in the customs dispute.
The DAX started the trading week with a small discount of 0.1 percent at 23,064.26 points. Then, however, it turns into the plus and for the time being set up above the 23.100 mark.
On March 18, the German leading index had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The DAX ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
Customs agreement ahead?
The focus is on hope and fear that there will soon be progress in possible customs agreements with the USA.
The start of May with a continuation of the Rally, which brought the German leading index back to 400 points to its record. Investors are now going to manage the strong increase by 2.6 percent from last Friday. The reporting season that has started should only give new impulses again during the week.
Volatility should remain high
The market experts of Swiss bank UBS expect continued volatility, because the uncertainty about the customs policy of US President Donald Trump will be preserved at least for the time being. The tariffs he announced came into force on certain auto parts on Saturday. For analyst Jochen Stanzl from the broker CMC markets, in retrospect, the break -in of courses in April was a normal correction in an intact bull market.
Redaktion finanzen.net / dpa-afx