Financial expert: DAX nearing record high - Wall Street and quarterly figures are inspiring German markets. Important US labor market reports expected.

Financial expert: DAX nearing record high - Wall Street and quarterly figures are inspiring German markets. Important US labor market reports expected.

According to a report by www.deraktionaer.de,
The German leading index DAX closed on Thursday with a loss of 0.3 percent. However, at the end of the week the DAX is expected to rise sharply. A strong Wall Street and positive quarterly figures from Amazon and Meta could have a positive impact on the German market.

The DAX is expected to rise 0.8 percent to 16,986 points, which could potentially lead to new record highs. There are also important dates coming up, including the labor market report in the USA and quarterly figures from companies such as Chevron, Exxon Mobil and AbbVie. E.on and Mercedes-Benz also reported strong business results and could be in focus.

Analyst assessments from companies such as Goldman Sachs, Morgan Stanley and Jefferies could also provide movement. The US stock markets have been strong recently, while the Asian stock markets have been mixed.

These developments could potentially have an impact on the market. A rising DAX could create positive sentiment and confidence among investors. Strong quarterly figures and positive business results could strengthen confidence in the economy. Analysts' assessments could trigger price movements for the affected companies. It is recommended to follow developments closely and monitor market reactions.