The DAX started the session 0.11 percent lower at 15,115.75 points. After the stock market barometer trended higher in the meantime, it is now 0.18 percent down at 15,105.91 points.
Little movement in the past week
Little has happened so far this week. After the end of the New Year’s rally in the previous week at 15,269 points and subsequent losses, the DAX increased again by 0.7 percent. However, he remained within a narrow range of not even 200 points.
Rate meeting in sight next week
“The tension in the USA does not make it easy for investors in this country to orientate themselves,” said portfolio manager Thomas Altmann from asset manager QC Partners. Next week’s interest rate meeting of the US Federal Reserve will now be the focus of investors. “Six weeks ago, the US Federal Reserve abruptly ended the party on the stock exchanges. That could be repeated in the coming week.”
NASDAQ stuck at 12,000 mark
In US trading, Nasdaq technology stocks in particular showed strength the previous evening. According to Credit Suisse, the main driver was stronger US economic growth. The NASDAQ 100 selection index made it back above the 12,000 point mark. However, the recovery has bogged down at this hurdle several times in recent months. Even now, IG’s weak indication for the NASDAQ 100 already indicates that the index cannot break its shackles.
Editorial office finanzen.net / dpa-AFX / Reuters
Image Credits: DANIEL ROLAND/AFP/Getty Images