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DAX rises by 1.55 percent: recovery after three weak weeks
The DAX closed above the 18,100 point mark and recorded a significant increase after three weak weeks. Find out more about current developments on the stock market.
DAX rises by 1.55 percent: recovery after three weak weeks
The DAX has moved significantly higher again after three weak weeks. On Tuesday, the DAX rose by 0.92 percent to 18,024.07 points at the start of trading and peaked at 18,144.66 points. At the close of trading, the stock market barometer remained above the important mark of 18,000 units with an increase of 1.55 percent at 18,137.65 points.
Investors were optimistic at the beginning of the week after the DAX rose by 0.7 percent to 17,861 points. The index had stabilized around its 50-day average line, but remained well below the record high of 18,567 points reached at the beginning of the month. The highest closing level of all time remains at 18,492.49 points.
The relative calm in the Middle East has provided confidence, while the focus now turns to the balance sheets of major US technology firms. The release of SAP's financial statements was seen as positive after SAP shares corrected in recent weeks. Stock marketers are eagerly awaiting the balance sheet of the US electric car manufacturer Tesla in the evening.
Overall, there is a positive development on the market, which is due to increasing investor confidence and optimistic sales prospects among large companies. These developments have a significant influence on the index and strengthen the economic forecast for the coming weeks.