Markets

DAX is approaching 12,000 points

A.On election day in the United States, investors in Frankfurt stocked up on shares. The German Dax share index rose 0.6 percent to 11,854 points in the first few minutes of trading on Tuesday, taking it to the 12,000 mark. After the positive economic data on Monday, many investors continued to take courage. “Even if Covid-19 is likely to cool the economy again, the stock exchanges now know differently than in spring what they are dealing with,” said Timo Emden, analyst at Emden Research. “Last but not least, the fact that new central banker support is available and the low interest rate policy of the central banks is likely to continue for a while, still offers few alternatives to share certificates.”

Bayer initially brings up the rear

With a discount of 1.9 percent, Bayer shares were at the bottom of the Dax. Billions in depreciation in the agricultural business broke the company a loss in the third quarter. The glyphosate comparison in particular is becoming more expensive.

Investors hope for a clear election result in the United States. Anything else would mean increased uncertainty and would therefore initially be bad for the markets, it was said from the trade. Jeffrey Halley, an analyst at broker Oanda, advises investors to take it easy on election day: stay away from the hustle and bustle and watch the show in peace, it is good for your blood pressure.

The M-Dax of the 60 medium-sized stocks rose on Tuesday after the start by 1 percent to 26,340.93 points. The leading barometer of the Eurozone, the Euro Stoxx 50, gained 0.7 percent.

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