The DAX initially moves little after its strong previous week on Monday. The July record high remains a little away.
At the start into the new week, the DAX tends at 24,357.59 points and thus marginales 0.09 percent under his conclusion on Friday. In the course of the course, however, he can get a little bit and now stays slightly above the 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.
Hope for year -overally germs
The DAX had put an exemplary start to October last week after the Letethargian September. Quite a few now hope that it might lay the basis for a year third. The hope of further US interest rate reductions on the stock exchanges ensure new course dynamics, commented financial market expert Andreas Lipkow. At the moment, shares with a reference to the topic of artificial intelligence (AI) are currently in demand. Most recently, the megatrend received new food through the message that the Chatgpt provider Openai has reached an evaluation of around half a trillion US dollar when placing work shares to investors.
“Shutdown” in the USA leaves investors largely cold
The “Shutdown” in the USA, which has actually occurred in advance, which has actually occurred, has so far been unable to harm the good atmosphere on the German stock market. However, it must be seen whether the momentum continues. Due to the labor arrest in several government agencies, no more economic data will be published by US government agencies, as the statistical departments of the Ministry of Labor and the Ministry of Commerce announced.
At the financial markets, a further key interest rate of the FED by 0.25 percentage points at the end of October is actually as good as safe. Without economic data, the currency huts, as well as investors, “lack an important basis for decisions,” wrote analyst Birgit Henseler in the capital market outlook of DZ Bank. In addition, a shutdown is “a visible symbol of political dysfunction and reminds investors that US politics does not even fulfill fundamental administrative tasks reliably”. In view of the high stock evaluations and low risk premiums, this could push more to the mood than in other market phases.
Redaktion finanzen.net / dpa-afx