The series of friendly trading days for the DAX continues on Friday. Investors show up in the mood after the holiday.
The DAX started the trade with an increase of 1.43 percent at 22,818.18 points. Afterwards, too, the German leading index is clearly in the profit zone, can increase its plus even further and even exceed the 23,000-point mark. This emerges the eighth prize day in a row.
On March 18, the German leading index had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The DAX ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
Support from overseas
After the holiday break, the DAX heads for a strong first trading day in May and a weekly win of 2.2 percent. “Investors hope that the first 100 days of the new federal government for the German economy will be more successful than the first 100 days for the US economy under a President Donald Trump,” commented analyst Jochen Stanzl from the Broker CMC Markets.
The tailwind also comes from the USA before the weekend. While most exchanges in Europe were not traded on the day of work on May 1st, we continued on Wall Street. Above all, the well -run reporting season of the companies from the technology sector caused a mood there. It does not detract from the fact that Apple and Amazon followed up after the presentation of their quarterly figures.
On Friday, messages now take care that there is apparently some movement in the customs disputes between the USA and China, for a mood whistle. A spokesman for the Chinese Ministry of Commerce said that China is currently reviewing repeated statements and messages from US representatives who “expressed their willingness to negotiate with China about tariffs”. China’s position is consistent. “If you want to fight, we will fight to the end if you want to talk, our door is wide open,” said the spokesman. The experts from the Landesbank Baden-Württemberg wrote that Beijing was examining the possibility of trade talks with the USA, the first sign since Trump’s increase in customs in the past month that negotiations between the two sides could begin.
EU offers USA -compensation of 50 billion euros
There is also movement in the customs dispute between the EU and the USA on Friday. In view of the impending US criminal offense, the EU Commission promises the United States a trade offer of 50 billion euros. Purchases of liquid gas (LNG) or agricultural products such as soybeans from the USA could quickly contribute to reducing bilateral trade deficits, said EU trade commissioner Maros Sefcovic in an interview with the newspaper “Financial Times”. The EU wants to counteract an escalation of the transatlantic trade conflict.
Fresh data from the US labor market ahead
Thanks to relaxation signals in the American-Chinese customs dispute and good guidelines of the Übersee exchanges, he cracked the 23,000 points mark in the early afternoon. “Investors hope that the first 100 days of the new federal government for the German economy will be more successful than the first 100 days for the US economy under a President Donald Trump,” commented analyst Jochen Stanzl from the Broker CMC Markets. The DAX had already increased by 1.5 percent in April – after a recreation rally due to an initial drop in the course due to the global customs conflict.
In the meantime, the US economy created more jobs than expected in April. However, employment in the two previous months was revised downwards. The unchanged unemployment rate in April met expectations, while the increase in wages was lower than expected. In view of the data, the US Notebnank Fed should not “look under pressure to reduce interest in the next week,” commented the experts from the Landesbank Helaba.
Focus on BASF and Airbus
On Friday, the focus is on business figures for Airbus and BASF on Friday. While the Airbus win was over the expectations, BASF has a sales minus.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires