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Trump becomes president: Dax reaches new record highs!
Trump's swearing-in on January 19, 2025 influences the markets: Dax reaches record highs while inflation worries ease.
Trump becomes president: Dax reaches new record highs!
On Monday, January 19, 2025, Donald Trump will be sworn in as the 47th President of the United States. This inauguration shapes the current stock market week and causes excitement among investors. The Dax is showing strength and is approaching the 21,000 point mark, having already reached 20,891 points. This development is seen against the background that the markets have overcome concerns about inflation and interest rates for the time being, despite existing uncertainties about Trump's threatened tariffs.
As the Esslinger newspaper reports, the Dax has recorded an increase of around 5% in the last two trading weeks. In addition, market strategist Konstantin Oldenburger said that the falling inflation data from the USA has reduced concerns about possible interest rate increases by the US Federal Reserve. After core inflation fell from 3.3% to 3.2% in December, some investors who had already written off interest rate cuts expressed surprise.
Political uncertainties and stock market optimism
Although no key interest rate cuts are expected in the short term, there are good chances of such a development in the medium term. However, RoboMarkets strategist Jürgen Molnar warned of the uncertainties that could be triggered by political developments. Wall Street is eagerly awaiting Trump's inauguration as his tariff threats could potentially drive up inflation and limit the scope for interest rate cuts.
The Frankfurter Allgemeine Zeitung adds that the dollar index fell slightly to 109.1 points before the inauguration. In addition to the positive news about the Dax, German car stocks and the Rheinmetall share, which rose by 6.5% to around 692 euros, are also gaining in importance. Rheinmetall is benefiting from defense investments, including through the sale of a new air defense system to Italy, which could open up potential deals with other NATO countries.
Market analysts are optimistic, but whether this hope will turn into fear remains to be seen. Additionally, the volatility of the DAX was very low in 2024, underscoring the uncertainty about future economic conditions.