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DAX remains weak: Investors fear Trump election victory!
Investors are uncertain about the DAX after Trump's election victory. Market analyzes reveal hopes and risks.
DAX remains weak: Investors fear Trump election victory!
The DAX starts the new stock market week with a hesitant increase of 0.1 percent and reaches 19,237 points. Despite this slight recovery, uncertainty among investors remains high, especially after Trump's election victory and the end of the traffic light coalition. Helaba experts warn of increased market volatility, which is affecting investor sentiment. “Hopes for tax cuts and deregulation face risks such as rising national debt and possible increases in inflation,” said the analysts.
The crucial mark for the DAX is between 19,000 and 18,900 points. In the previous week, the index briefly fell below this limit, but was able to stabilize again. Analyst Jochen Stanzl from CMC Markets emphasizes that the DAX now has to overcome the resistance at 19,300 points to enable further growth. Meanwhile, the Asian markets are showing mixed developments: the Nikkei 225 in Japan is losing 1.1 percent, while the CSI 300 in China initially starts strong but then falls by almost half a percent.
Market developments and company news
In the USA, the indices suffered significant losses after the elections. The Dow Jones fell by 0.7 percent, the S&P 500 by 1.3 percent and the Nasdaq even by 2.2 percent. These developments contrast with positive expectations for semiconductor maker Nvidia's quarterly report, which will be released on Wednesday and could potentially impact the entire market. In the cryptocurrency market, Bitcoin is down as much as 3.3 percent at $88,727, but remains on track for $100,000 after gaining over 30 percent since the US election.
Gold gained slightly after the losses of the last few weeks and rose by 0.5 percent to $2,583 per troy ounce. Oil prices are also rising after fighting between Russia and Ukraine intensified. North Sea Brent crude oil rose in price by 0.4 percent to $71.34 per barrel. There is only a few relevant company news coming up in Germany today, including the sales figures of the hydrogen company Thyssenkrupp Nucera and the capital market day of the defense company Rheinmetall.