At the start of the new trade week, there is a further friendly tendency to the Frankfurt Stock Exchange. The focus then moves to the USA during the week.
The DAX went to the new trade week with a surcharge of 0.4 percent at 23,835.61 points. After that, he keeps himself on green terrain, even if he briefly sacked towards zero line.
All -time high of the DAX
On July 10, the German leading index reached a new record high at 24,639.10 points. So far, the highest closing course in the DAX history is 24,549.56 points.
Tough consolidation over?
On Friday, the DAX had made it over the recently unsuccessful 21-day average line. This describes the short -term trend. The stock market barometer gave investors some hope of an end to his last tough consolidation.
Waiting for economic data
In the new week from the USA, the focus is on the ISM shopping manager reports on Wednesday and Friday and the labor market report at the time of the week.
US Government Shutdown threatens
On Wednesday – just at the start of the October, which is usually better on the stock exchange, an annual US problem comes into focus again. “If the US Congress does not agree at short notice, the US government will run out of money on Wednesday,” said Commerzbank expert Martin Hartmann.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires