Expert: October as a month for positive trend reversals on the stock markets

FRANKFURT (dpa-AFX) – Am deutschen Aktienmarkt hoffen die Optimisten trotz des schwachen Monatsstarts auf einen goldenen Oktober. Experten zufolge spricht auch einiges dafür, dass der Leitindex Dax zumindest in der neuen Wochen steigen könnte. Allerdings schwelt im Hintergrund immer noch die Gefahr eines weiteren Zinsanstieges, schließlich sind verzinste Anlagen längst wieder zu einer Alternative geworden.

“Positive trend reversals in October” is what analyst Christian Apelt from Landesbank Hessen-Thüringen (Helaba) calls the German stock market. The grinder for this is, among other things, the increased risk awareness of professional investors after the summer and the fear of a year-end rally. The current jitters among investors could lead to a larger rebound as bond market headwinds ease. The valuation of the DAX is low and the weak growth has already been priced in. The chances of price gains are therefore good. With the expectation of a slight decline in inflation, experts are optimistic about the future. The upcoming US producer prices could provide an indication of this. However, the minutes of the last meeting of the US Federal Reserve contain uncertainties. Further unrest could arise from data from the US labor market. Significantly improved labor market data could lead to significant wage increases and raise capital market interest rates. According to DZ Bank, the Dax has now become a real crisis bargain with a low price-earnings ratio. Expectations for the third quarter reporting season are conservative, so there is potential for a price recovery.

The business figures of the listed companies Cropenergies and Südzucker as well as the business figures of the US banks JPMorgan, Wells Fargo and Citigroup could influence the prices of the financial stocks Deutsche Bank and Commerzbank represented in the DAX.

According to a report by www.boerse.de,