DAX closes at all-time high, interest rate level weighs on Deutsche Bank, Nikola with price jump and Vola

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After the FED meeting on Wednesday and the interest rate hike by the ECB on Thursday, the DAX rose again and ended the week at a new record high. It was thus stronger than the S&P500 and the Dow Jones, which “only” made an annual high. However, the Nasdaq is still on the up, impressively continuing its winning streak.

Andreas Bernstein talks about the interest rate level and the effects at this point and brings the burden on banks to the fore. This is particularly noticeable at Deutsche Bank. Contrary to the daily trend, the share was negative in the DAX on Friday and is still far behind the benchmark this year with a minus of 9 percent.

Second value is Nikola. The US automaker from the electrical sector, which presented an electric truck in 2020, is currently experiencing a boom. The stock rose at times by 170 percent. What is behind it, why is the founder no longer at the “helm” and how are the speculations about the company to be valued at a rate of one dollar?

We also look at the dates of the new week and other quarterly figures that are due after the US holiday on Monday.

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#DAX #Deutsche Bank #Nikola #ECB #finance #shares

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