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Analysis of the German stock market: Quarterly reports and economic data could provide new impetus. Hopes for a year-end rally are rising.
According to a report from www.boerse.de, the mood on the German stock market brightened noticeably at the beginning of November. The quarterly reports from large German corporations could further support this development in the new week. Nevertheless, there remains little hope for economic data, which will focus primarily on industrial and retail trends in Europe. Geopolitical risks are also likely to receive greater attention again. After the Dax recorded significant price losses from the beginning of August to the end of October, a recovery began in the first week of November, which could continue in the coming weeks. The low valuation of the German benchmark index could mark the beginning of a year-end rally...
Analysis of the German stock market: Quarterly reports and economic data could provide new impetus. Hopes for a year-end rally are rising.
According to a report by www.boerse.de, the mood on the German stock market brightened noticeably at the beginning of November. The quarterly reports from large German corporations could further support this development in the new week. Nevertheless, there remains little hope for economic data, which will focus primarily on industrial and retail trends in Europe. Geopolitical risks are also likely to receive greater attention again.
After the Dax recorded significant price losses from the beginning of August to the end of October, a recovery began in the first week of November, which could continue in the coming weeks. The low valuation of the leading German index could signal the start of a year-end rally, which is attracting investors. This recovery rally was primarily influenced by central bank decisions and political developments in the Middle East. In the new week, the quarterly figures of 17 DAX companies are due, including Bayer, Adidas and Rheinmetall. These numbers are expected to justify the regained optimism of investors.
Furthermore, economic data from the world's largest economy, the USA, is on the agenda, while the focus is primarily on hard data from Europe. The September data for incoming orders and production from local industry as well as retail sales for the euro area will be published. It is expected that this data could further influence the development of the DAX.
Overall, the coming trading week is unlikely to be easy, as investors must expect the overall market to be highly volatile. Geopolitical risks could take up more space again, which could influence the upward trend of the Dax. The development of the year-end rally also depends on investors' willingness to buy.
Given these facts, the positive mood on the German stock market could continue in the coming weeks and continue in a possible year-end rally. The quarterly figures, economic data and other geopolitical developments will be crucial. It remains to be seen how the market will react to this.
Read the source article at www.boerse.de