On the second trading day of the week, the leading index presented itself on the stock exchange in Frankfurt with an attracted handbrake.
The DAX started on Tuesday on the Frankfurt Stock Exchange of 0.02 percent lower at 23,802.61 points and was easier again after a short plus. In the end, the stock market barometer gave up 0.37 percent to 23,718.45 units.
All -time high of the DAX
On July 10, the German leading index reached a new record high at 24,639.10 points. So far, the highest closing course in the DAX history is 24,549.56 points.
No swing on the second day of trading of the week
After two weaker weeks, the German stock market had recovered somewhat on Monday. However, the momentum declined again on Tuesday: After his strong start to the week, the reluctance dominated. The DAX thus continues its struggle for the 100-day line, which it recently had slightly fallen below since April. It is considered a indicator for the longer -term trend. The focus remains on US money policy, the last increased concerns with regard to the US economy and war in Ukraine and the hope of revitalizing the German economy.
Political hanging game in France
After the fall of the center-right government in Paris, France’s head of state Emmanuel Macron now wants to appoint a new premier quickly. Stratege Timothy Graf from the asset manager State Street sees a “serious local problem in the political instability of France, which probably does not constitute an immediate existential question for Europe”. The Euro zone is politically in a different situation than during the crisis years in the early 2010s and is better able to master these challenges.
“The political situation remains fragile and the necessary reforms uncertain,” said analyst Andreas Wex from Commerzbank. It will be exciting to see whether and how long the new prime minister can stay in office and whether he manages to say goodbye to a household. “The political France, which is inexperienced in coalitions, struggles with compromises,” said Wex.
Redaktion finanzen.net / dpa-afx