DAX Continues to Target the 13,000-Point Mark

By 08/05/2018News

08/05/2018 – 10:00 am: Despite a slightly weaker start into the trading day the German leading index continues to target the psychologically important 13,000 point mark. At 12,919 points, the Dax is currently down around 0.2 percent.

After a brilliant start to the new trading week, investors seem to be waiting on the sidelines on Tuesday morning. However, this should not be unusual against the background of many quarterly balance sheets to be published.

Yesterday, the leading German index reached its highest level since February of this year. The stock market barometer profited significantly from the continued weaker performance of the euro. Against the backdrop of worse-than-expected economic data from Germany, one euro yesterday cost less than 1.19 US dollars in some cases. A blessing for European companies that generate the lion’s share of their sales from exports.
On the other side of the Atlantic, the leading indices rose slightly, leaving the Dow Jones Index at 24,357 points and the technology index NASDAQ out of trading at 7265 points. For both indices this means a daily increase of 0.3 – 0.4 percent.

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