There is also initially a positive mood on the German stock market on Friday: the leading German index is on the rise.
The DAX started the last trading day of the week with a gain of 0.25 percent to 23,942.73 points. In main trading it once again exceeds the 24,000 point mark with a current daily high of 24,089.81 units and is currently staying above the psychologically important hurdle.
Aside from brief outliers, the DAX fluctuations have been around the midpoint since May at 24,000 points.
Past DAX records at a glance
On October 9th, the DAX reached a new record high of 24,771.34 points. Ultimately, it ended that day at 24,611.25 units, which was also a new record based on the closing price.
There is no stimulus from the economic side
As has long been known, there will not be a US labor market report, as is the case on the first Friday of every month. Here, the longest partial shutdown of US government business (shutdown) in US history continues to have repercussions, wrote Thomas Altmann from QC Partners. The standstill was only ended in mid-November by an interim budget. Investors would have to wait for the November values until after the US Fed’s key interest rate decision next week.
Overall, pre-Christmas calm seems to be returning to the European stock market. The most important European volatility index had reached a three-month low the day before, said Altmann. Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires