The positive development from the previous day could also continue in the DAX in the middle of the week. Investors have found buying arguments again.
The day before, after a cautious start, the DAX ultimately closed 0.97 percent higher at 23,464.63 points. This trend could also continue in the middle of the week.
Latest DAX records
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.
Requirements support the domestic market
Supported by the ongoing stabilization on Wall Street, the DAX will probably remain on a recovery path on Wednesday. The broker IG valued the leading German index in the morning around two and a half hours before the start of XETRA trading, 0.7 percent higher at 23,635 points.
This would mean that the DAX would make it back above its simple 200-day line – an important technical chart mark – which had fallen below the previous week for the first time since April.
Stock markets driven by Ukraine hope
The hope of an end to the war in Ukraine is driving prices. “Many people who recently looked in vain for buying arguments are now finding them,” commented portfolio manager Thomas Altmann from QC Partners. The stock markets became optimistic surprisingly quickly. On the Polymarket trading platform, the chance of a ceasefire this year is only 16 percent, while the chance of a ceasefire before the end of 2026 is at least 56 percent. Polymarket is an online site where users can bet on the outcome of future events using cryptocurrencies.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires