DAX over 16,000 points, Wall Street remains calm: Analysts expect a strong end to the month.

DAX over 16,000 points, Wall Street remains calm: Analysts expect a strong end to the month.

According to a report from www.tagesschau.de,

The market report from November 24th, 2023 shows that the DAX has risen to over 16,000 points, while Wall Street has missed fresh impulses. Investors remained cautious after yesterday's holiday. The Dow Jones rose slightly, while the Nasdaq and the S&P 500 index showed little change. On this important “Black Friday” trading day, trading only took place until 7:00 p.m. Central European Time. The mood in the German economy improved in November and the euro strengthened against the dollar.

From an economic perspective, it is important to analyze how the development of the DAX and Wall Street affects the market. The positive trend of the DAX could ensure a strong end to the month next week and provide further impetus for market development. In addition, the improvement in the ifo business climate indicates a stabilization of the German economy. This could have a positive impact on consumers and businesses and increase confidence in the economy.

On the other hand, Nvidia's postponement of the launch of new AI chips in China due to export restrictions could have a negative impact on the technology industry. Adnoc's interests in BASF and the development of the Bitcoin price show that the raw material and crypto markets are also changing.

Overall, the developments indicate a certain stability in the market, while at the same time some industry-specific fluctuations can be observed. It remains to be hoped that the positive signs for the German economy will lead to a sustainable recovery.