The DAX started the session up 0.1 percent at 16,306.63 points, keeping an eye on its record high. It also goes up slightly afterwards, the stock market barometer is currently gaining 0.43 percent to 16,360.34 points. In the previous daily high, the leading German index marked a new all-time high at 16,372.85 points.
Exchanges in “risk-on mode”
The US stock exchanges, which had steadily expanded their profits the previous evening, remain a support. According to Commerzbank, investors are currently in “risk-on mode”, i.e. ready to take risks. However, the focus is now on the great decline on the futures exchanges, which usually causes price fluctuations during the course of the day.
Interest rate decisions reduce uncertainty
Now that both major central banks, the Fed and the ECB, have announced their interest rate decisions, all information on the interest rate environment will be on the table in the coming weeks. It is much easier for market participants to make correct stock valuations. Only in the case of the tech values did it seem that enough advance praise was slowly being priced in. The consumer prices (CPI) from the EU, which are otherwise so important, take a back seat. The ECB was probably already aware of its development when it made its decision the day before, it is unanimously said.
Witches’ Sabbath could provide movement
The focus is now on the great decline, which usually causes price fluctuations. Futures contracts on shares and indices on the futures exchanges expire during the course of the day. Stockbrokers speak of the “great decline” when options and futures on indices and individual stocks expire on the same day. June is considered to be one of the dates of the year with the highest turnover.
Editorial office finanzen.net / dpa-AFX / Dow Jones Newswires
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