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Dax continues record series
"Stock market on the rise: Dax breaks record despite uncertainties. Find out more about the current developments on the stock markets in Germany. #Stocks #Dax #Economy"
Dax continues record series
The Dax continues its record hunt, despite a seven-week winning streak. At the start of a shortened trading week, the leading German index is once again showing strong performance and reaching record highs. The DAX is currently recording an increase of 0.13 percent to 18,230.49 points and has already recorded an increase of almost nine percent in 2024. Expectations of interest rate cuts in the US despite a robust economy continue to drive the stock market.
The M-Dax of medium-sized companies is also stable with an increase of 0.04 percent to 26,632.98 points. The Eurozone leading index EuroStoxx 50 also recorded an increase of 0.1 percent. Before the Easter weekend, trading only takes place until Maundy Thursday, as the stock exchanges remain closed on Good Friday.
Market observer Thomas Altmann from QC Partners asks whether the desire to buy will continue before the holidays or whether investors will hedge profits. Technically speaking, the Dax is considered overbought. Among the companies, the laboratory service provider Synlab recorded disappointing business figures, while LEG Immobilien and Vossloh received positive feedback from analyst ratings. German defense companies such as Rheinmetall and Hensoldt are recording a sustained boom with historically high prices.
In Asia, the Tokyo stock exchange is showing a decline, particularly under the influence of weak guidance from the USA. The Nikkei 225 fell 1.16 percent. In contrast, losses on Chinese stock markets are limited, with the CSI 300 down 0.54 percent and the Hang Seng in Hong Kong down 0.28 percent. Despite investor concerns about the economy, Chinese Premier Li Qiang promises political support for growth and emphasizes addressing systemic risks.