Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Dax aktuell: Dax markiert Bestmarke – und gibt danach Teil seiner Gewinne ab

Am deutschen Aktienmarkt verstärken sich die positiven Effekte. Allerdings könnte der jüngste Optimismus zumindest kurzzeitig einen Dämpfer bekommen.

Original German Read in English

Dax aktuell: Dax markiert Bestmarke – und gibt danach Teil seiner Gewinne ab

Germany's Dax index continues to set new records, marking its highest level yet. The benchmark index opened at 26,404 points on Wednesday, breaking the previous day's high. By midday, the index had retreated to 26,200 points, after a solid gain of 0.8 percent on Tuesday, which closed the session at 26,202 points.

Market experts caution that the market may be overbought, suggesting potential short-term profit-taking. Despite this, analysts remain optimistic about the record-breaking streak on the German stock market. Andreas Lipkow, a market commentator at CMC Markets, anticipates the Dax will trade within a range of 26,200 to 26,500 points today.

The optimism is fueled by a positive causal chain, with traders hoping for the opening of the Hormuz Strait. If this event occurs, oil and gas prices are expected to fall further, leading to several consequences. Lower energy costs would ease inflation expectations, which could put downward pressure on interest rates in the near term.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

Investors can't stop believing

Data: FactSet; Chart: Matt Phillips/Axios Who cares about war, oil prices, interest rates or an AI bubble? Investors apparently do not — for now at least — sending stocks back to record highs. Why it matters: High stock prices are critical to keeping funds flowing to the AI buildout.

More from Wednesday 5 August →