Despite strong Nvidia numbers and a turn in the customs conflict, the DAX will initially miss a new record high on Thursday. However, it goes uphill.
Despite positive numbers of the US chip group Nvidia and a surprising turn in the customs conflict, the DAX will not be able to achieve any new records on Thursday. The German leading index was already pre-excited with a strong plus on the 24,300-point mark. The German stock market barometer then showed 0.9 percent higher at the starting bell at 24,255.01 points. And the DAX continues to record profits in the further course of trade – however, it is not enough for a new record.
Just yesterday, the stock market barometer had marked a new all -time high at 24,325.97 points, and on May 27, a new record status was also achieved at 24,226.49 points.
NVIDIA balance delighted investor
“The AI king delivered in the middle of the trade war,” wrote expert Stephen Innes from Spi Asset Management in his market comment. The investors were quite nervous, because Nvidia numbers are very important for the market mood-far beyond the tech sector. With its rapid increase in sales in the first quarter, Nvidia wiped away.
US court drives Trump into the customs parade
In addition, Trump’s customs policy is faltering: a US federal court has denied the president of imposing far-reaching tariffs, citing an emergency law. The tariffs in question “would be lifted and their application would be permanently prohibited,” said the decision of the court responsible for international trade in New York.
This makes Trump’s aggressive trade policy that Financial markets Has shook worldwide, at least braked at least for the time being. However, his government immediately appealed against the decision. The last word has not yet been spoken. It is not excluded that an appellant will put the tariffs back into force until a final decision.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires