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Dax rises above 16,000 points - experts see a successful week
According to a report from www.merkur.de, the Dax reached the 16,000 point mark on Friday with thin trading volumes. Despite the Thanksgiving holiday in the USA, the German benchmark index rose moderately. Analysts commented on the week as calm, but still successful. The positive trend of the Dax and MDax in recent weeks, coupled with gains in the Eurozone, reflects an ongoing recovery. Speculation about potential buyers for Wintershall Dea has also led to a rise in BASF shares. This indicates increased purchasing power in the industry. Covestro shares also benefited, reflecting strong interest from potential investors...
Dax rises above 16,000 points - experts see a successful week
According to a report by www.merkur.de, the Dax reached the 16,000 point mark on Friday with thin trading volumes. Despite the Thanksgiving holiday in the USA, the German benchmark index rose moderately. Analysts commented on the week as calm, but still successful.
The positive trend of the Dax and MDax in recent weeks, coupled with gains in the Eurozone, reflects an ongoing recovery. Speculation about potential buyers for Wintershall Dea has also led to a rise in BASF shares. This indicates increased purchasing power in the industry. Covestro shares also benefited, which indicates strong interest from potential investors.
The euro exchange rate remains stable against the dollar and the current yield on the bond market has increased slightly. Despite an improved mood in the German economy in November, these factors had little impact on trading.
The DAX thus reached an important mark and continues to show resilience despite low trading volumes. The positive developments in the market suggest that confidence in the economic recovery is increasing. This could attract further investment and further strengthen the financial industry.
Read the source article at www.merkur.de