Weekend rally: DAX rises thanks to positive US economic data

Weekend rally: DAX rises thanks to positive US economic data

According to a report by www.hasepost.de,
The German stock index (DAX) rose over the weekend, supported by positive economic data from the USA. The price of oil fell, while the price of gas fell only slightly and the euro strengthened against the US dollar.

Financial expert analysis

As a financial expert, it can be stated that the positive economic data from the USA had a direct influence on the DAX. The index closed at 15,189 points, up 0.3 percent from the previous day. This development signals increased investor confidence in the US economy, which has a positive impact on the German stock market. The weak US labor market data and slowing wage growth point to a slowdown in the previous economic pace, which investors are interpreting as a signal of possible stabilization rather than a recession.

Impact on energy and currency markets

The energy and currency markets also reacted to the economic data. The price of gas fell slightly to 49 euros per megawatt hour (MWh) for December deliveries, which could result in a potential decline in consumer prices. Oil prices also recorded a 1.0 percent decline, which could indicate a possible slowdown in demand or oversupply in the market. The stronger euro against the US dollar could have an impact on the export economy in the euro zone, as exports become more expensive and reduce competitiveness.

Overall, current market developments indicate cautious optimism, while at the same time possible risks in the energy and currency sectors must be taken into account.