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DAX reaches new record high – What does the production data mean for the further development of the price?
According to a report from www.n-tv.de, the DAX started slightly firmer, then turned into the red and only moved back into positive territory in the afternoon. The leading index broke its previous record level and closed 0.8 percent higher. Impulses for the DAX could come from the expected German production data, as experts expect a decline of 0.4 percent for December. Companies produced less in November for the sixth month in a row. The energy technology group Siemens Energy also presented its report for the first quarter of the 2023/24 financial year and returned to profitability with a profit of 208 million euros. The …
DAX reaches new record high – What does the production data mean for the further development of the price?
According to a report by www.n-tv.de, the DAX started slightly firmer, then turned negative and only moved back into positive territory in the afternoon. The leading index broke its previous record level and closed 0.8 percent higher. Impulses for the DAX could come from the expected German production data, as experts expect a decline of 0.4 percent for December. Companies produced less in November for the sixth month in a row. The energy technology group Siemens Energy also presented its report for the first quarter of the 2023/24 financial year and returned to profitability with a profit of 208 million euros. The tank gear manufacturer Renk is celebrating its stock market debut and raised 500 million euros on the stock exchange. Lufthansa is under scrutiny due to a 27-hour strike by ground staff.
As a financial expert, I look at these developments from the perspective of the market and the financial industry. The new all-time high of the DAX and the positive signs in the market could generate further investor confidence, which could lead to continued record sentiment. However, expected German manufacturing data pointing to a decline could put a damper on the market as it could potentially impact companies' profits.
Siemens Energy's positive results could restore confidence in the company and have a positive impact on the energy sector. Renk's stock market debut and successful capital raising also show a high level of interest from investors, which could increase confidence in new IPOs.
The Lufthansa strike could have a short-term impact on the aviation sector, particularly on the company's share prices. Investors will be following developments closely in the coming days.
Overall, these developments could have various impacts on the market and the financial industry that need to be carefully monitored and analyzed.
Read the source article at www.n-tv.de