The DAX builds on yesterday’s course and tests the resistance around 15,250 points again. Low liquidity and the hope of an improvement in the economic situation play a decisive role here. We are talking about this in great detail with our dealer Veith.
First, a brief digression on REITs, which came under heavy pressure in the wake of the banking crisis, especially in the USA. What do these companies stand for and what are the problems in general and SL Green and Vornado Realty Trust in particular?
The long-term chart trends are reminiscent of the Corona period and also of the financial crisis in 2008.
German real estate companies are also affected by these problems. A Vonovia from the DAX is also named here with current news, the Aroundtown from the second row. A cut in the dividend is the first measure to keep the business going. How can it go on?
There are rays of hope at the largest chip manufacturer from Germany, Infineon. Sales and profits not only remain constant, they should even continue to increase. This news gave the company a direct tailwind, which today tops the list in the DAX ranking.
With a look at further quarterly figures and the dates of the day, you have a comprehensive view of today’s trading day.
Come well informed with TRADERS´ media GmbH and the LS Exchange through the trading day.