Markets

Dax is starting the new year with verve

D.he German stock market will again approach its record levels from the end of the year on Monday. The standard value index Dax reached 13,896.51 points at the opening and thus moved very close to its high of 13,903.11 points on December 29th. Small caps also opened in a friendly manner.

“People ignore the bad news,” said one stockbroker. The ongoing corona mass vaccinations and the planned additional economic aid in the United States pushed the likely extension of the pandemic restrictions into the background.

The signals from the overseas exchanges are also predominantly positive. Most of the Asian markets showed premiums. The Chinese CSI-300 index rose 1.1 percent to 5268 points and the Hang Seng index rose 0.9 percent to 27,482 points. The Japanese stock index Nikkei-225, however, posted losses on the first trading day of the new year after a friendly start and went 0.7 percent lower with 27,258 points from trading. The government is once again considering declaring a state of emergency for the greater Tokyo area due to the increasing number of Covid 19 cases.

Futures trading on the American stock market also indicates a well-maintained opening for the S&P 500 index, currently at 3761 points, which would be another record high.

The fertilizer manufacturer K + S with a premium of more than 4 and the semiconductor manufacturer Infineon with 3.5 percent are particularly in demand on the German stock exchange. Both stocks benefit from buy recommendations from analysts at Citi.

Nonetheless, the stock markets were unable to maintain their initial gains and only trended well half an hour after opening, i.e. slightly in positive territory.

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