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Dax on course for records - experts warn against expectations being too high
Current developments on the stock market: Dax on course for further gains despite warnings that expectations are too high. US Federal Reserve decision and company reports in focus. Get informed!
Dax on course for records - experts warn against expectations being too high
The Dax is showing signs of further gains due to the positive development of international stock markets. Shortly before trading began on Monday, the X-Dax signaled an increase of 0.4 percent to 18,239 points. This would bring the German leading index closer to its record high of 18,567 points at the beginning of April. The EuroStoxx 50 is also expected to be similarly positive.
However, experts at Landesbank Helaba warn against excessively high expectations for the DAX. Consumer price data from Spain and Germany could cast doubt on expectations of interest rate cuts from the ECB. In addition, the US Federal Reserve is facing a decision on its monetary policy, with the key interest rate expected to remain unchanged, but signals of future interest rate cuts could be important.
Last week, the Dax made significant gains thanks to positive business figures from US tech giants such as Alphabet and Microsoft. This also had a positive impact on New York's Nasdaq 100 Index and Asian trading venues earlier this week. The current corporate reporting season, which recently sent out positive signals, will continue to be dominated by the quarterly reports from tech heavyweights such as Amazon and Apple.
Deutsche Bank shares came under pressure on the German stock market in the premarket as the takeover of Postbank could potentially have expensive consequences. Porsche AG shares also saw a decline in sales and profits in the first quarter, with experts expecting this to mark the low point of the current year.
In contrast, shares of Heidelberger Druck rose premarket as the company is more optimistic about its order situation. Stock market returnee Douglas is also showing signs of profits after several analysts started monitoring the stock with buy recommendations and higher price targets.