indexes in this article
The DAX opened the day almost unmoved and started trading at 14,154.48 points. In the meantime, however, he can post gains and widen the gap to the psychologically important mark of 14,000 points. If it falls below the mark and then below the interim low of 13,887 points, there should be little to prevent an accelerated downward movement, warn the experts at Landesbank Helaba. The central topics remain the inflation and interest rate prospects, the Ukraine war and the corona situation in China.
Good US specifications
According to stockbrokers, however, the positive US stock markets from the previous evening are also encouraging investors in Germany. The Dow Jones Industrial had expanded the price gains over the course of the day and almost closed at the daily high. Chart expert Christoph Geyer sees the DAX, which has come under significant pressure since the beginning of January, only in a stabilization phase: “The downward trend line is still the benchmark for the coming days.”
Eyes on earnings season
The company’s quarterly reporting season, which is slowly starting, is delivering mixed signals. Streaming provider Netflix had to cope with a quarter of customer dwindling for the first time in more than a decade. However, expert Thomas Altmann from QC Partners believes that the market as a whole can take it: He sees this as an indication of a normalization of life in the waning pandemic. “And that’s positive for the majority of listed companies,” says the expert.
Editorial office finanzen.net / dpa-AFX
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