Current Dax: Dax is up ahead of inflation data - Movement on the stock market again
Oil market prices are rising again and fuelling further inflation concerns. These, in turn, are sparking speculation about monetary policy. Two upcoming events are likely to contribute to this.
Düsseldorf: As inflation figures loom, investors are emerging from their reserves, prompting the DAX to trend upwards on Wednesday. The index closed at 25,550 points on the day, marking a 0.6% gain. Throughout the week, the German stock market has been largely inactive. Despite recent developments, the DAX has lost ground in September, falling from its record high of 26,618.74 points just a few weeks ago.
Uncertainties stemming from the Middle East conflict have significantly burdened the markets, evident in the 200-day line, which averages the past 200 days and indicates the long-term trend. Currently, the line stands at 25,634 points, with the DAX fluctuating around this figure. Should the index rise above this level, it could signal a broader upward trend.
"Currently, investors are struggling to position themselves on either side," explains Thomas Altmann, Portfolio Manager at QC Markets, acknowledging the high barrier of choosing the wrong side.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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