Frankfurt (dpa -Afx) – The DAX could build on its very good start of the year in the new week. Because the recent irritation about alleged cheap competition from China has now digested the German guiding index for the established tech industry. The stock market barometer is now likely to target further records. Nevertheless, some economic and corporate news could ensure that the current success story on the stock exchange gets the first scratch.
“The DAX continues to ride the wave of euphoria,” wrote the experts from DZ Bank. The upward movement is primarily supported by the hope of a negotiating, “gentle” US President Donald Trump and solution-oriented interlocutors in Washington, Brussels and Beijing when it comes to the question of import tariffs. A solid basis for price gains certainly look different. But “what is not, can still be” – in the form of increasing profit expectations of companies for the current year and 2026.
Jürgen Molnar, capital market strategist at the Robomarkets trading house, was similarly confident. It is not as if the fundamental basis for the current rally on the stock market is missing. The technology group Apple, for example, has recently presented strong quarterly figures. The Americans benefited from a healthy scattering of their business.
This should be worth taking a look at the business figures of Alphabet (Alphabet A (Ex Google)) on Tuesday evening. If the Google mother group is one of the most influential tech companies in the world, this could also burden the good atmosphere on the German stock market.
In this country, with Siltronic and Infineon, the focus is on two companies from the chip industry with selected quarterly figures on Tuesday morning. On Thursday, the copper manufacturer Aurubis and the medical technology group Siemens Healthineers present their results for the first business quarter.
On the part of the economy, Friday could provide investors new insights as to whether the current housepse is well underpinned. In the morning, for example, data on German industrial production will be published before the well-known, monthly US labor market report is on the agenda in the afternoon.
In the job report, the usual great surprise potential is even higher than usual, wrote economist Patrick Franke from the Landesbank Hessen-Thuringia. January was characterized by widespread snow storms, which mainly met the center of the country and the economically important “mid-atlantic states”. But even in the southern states such as Louisiana, where there is rarely snow, freezing temperatures and unusual amounts of snow have been recorded at times. According to Franke, Franke is always difficult to predict how strongly such weather phenomena strike in the labor market statistics – but the effect should have been negative. This also applies to a possible influence of the major fires at Los Angeles – if more locally limited -.
According to the expert, however, it is more important that the statisticians make some revisions with the January numbers. This time the spectrum of the possible results of the job report is unusually wide.
In general, labor market data play an important role in interest decisions by the US Federal Reserve. The Fed had kept the key interest stable on Wednesday. The robust labor market is also currently talking against interest rate cuts, which is more of bad news for investors. Because high interest rates in the most important economy in the world make shares appear more unattractive compared to interest -bearing systems as a whole ./la/gl/he
— from Lutz Alexander, dpa-Afx —