Dax currently: "Almost a Goldilocks scenario": Dax is slightly up, just below record - SAP continues rally
The Dax can follow up on its recent record rally and is consolidating above the 26,000-point mark. Economic data could provide a positive outlook.
The Dax index has risen 0.6 percent to 26,459 points on the last trading day of the week, shrugging off concerns that investors may take profits from recent gains. The index had reached a record high of 26,573.50 points on Wednesday, and has largely ignored geopolitical events in the Middle East that had significantly impacted it in the first half of the year.
Strong quarterly figures and economic outlooks have driven growth in the German stock market, easing investors' fears of interest rate hikes. Analysts from CMC Markets and capital.com note that while the market is performing well, geopolitical risks remain a concern.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
