The leading German index will probably continue its record rally in the middle of the week. The jump over the 25,000 point mark remains within reach.
After the DAX reached a new record on Tuesday, it is also expected to be slightly higher on Wednesday before the trading session. This means that the 25,000 point mark is once again in the spotlight. On Tuesday, only around 30 points were missing from reaching the next thousand threshold.
The latest DAX record
Yesterday, Tuesday, the DAX once again reached a new all-time high during trading at 24,969.17 points. Ultimately, it ended the day at 24,892.20 points, which also meant a new record based on the closing price.
This is what is currently driving the DAX
According to NordLB’s assessment, investors remain willing to buy regardless of increasing geopolitical tensions. Additional impetus comes from the USA: After a cautious start, a friendly mood prevailed on Wall Street over the course of the day. The Dow Jones Industrial also approached its next round mark of 50,000 points.
Economic data at a glance
The focus in the middle of the week will be on important economic data from Europe and the USA, including the ADP labor market report and new inflation figures from the Eurozone. Commerzbank expects the inflation rate to have fallen to the inflation target of 2 percent due to lower energy prices. According to expert Antje Praefcke, corresponding data would support the ECB’s assessment that no interest rate steps are necessary in the eurozone for the time being.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires