Weekly outlook: DAX rises above 14,000. Oil rises – gold falls! – columns

Fireworks stayed on the ground on New Year’s Eve. In return, the stockbrokers lit a fireworks display in the first week of the year. DAX® & Dow® marked new all-time highs. Topic indices such as Global Hydrogen even posted double-digit growth. With Joe Biden’s imminent assumption of office, the Brexit agreement and the start of corona vaccinations in many countries, the hope of an economic recovery is now driving the markets.

“Risk on” meant that many investors have switched from safe bonds to riskier asset classes. This was reflected in an increase in yields. The yield on long-term government bonds improved by six digits to minus 0.52 percent and the yield on comparable US securities even improved by 15 digits to 1.1 percent. The regrouping also left its mark on precious metals. The price of gold plunged to $ 1,860 and silver to $ 25.80 in the second half of the week. One of the winners of a possible economic recovery is the oil price. Corresponding speculation and the planned production cuts by the OPEC + countries drove the price of black gold up sharply.

Company in focus

More than two thirds of the DAX® stocks started the new year with a weekly plus. The shares of were among the biggest winners HeidelbergCement and RWE, each with double-digit growth. Meanwhile, car stocks like were on the losing side BMW and VW. In the second row was K + S the star of the week. A positive study on the fertilizer market was an important catalyst for the upward trend. The shares of Siemens Energy as well as steel values ​​like Salzgitter and ThyssenKrupp.

The highly acclaimed Consumer Electronics Show will take place next week.


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