Dax aktuell: Dax gibt Gewinne wieder her – Energie verteuert sich erneut
Nach dem Sprung auf das Ein-Monats-Hoch streichen Anleger erneut Gewinne ein. Auch positive Quartalszahlen können das Vertrauen der Investoren nicht nachhaltig stärken.
Düsseldorf: The German stock market, the DAX, has been reducing some of the profits it has made recently. At the early afternoon trading on Thursday, the DAX was 0.7 percent lower at 25,476 points, with a low of 25,318 during the day. Over recent weeks, it has been observed that the DAX is unable to maintain profits above 25,500 points, which is the upper limit of the trading range that the benchmark index has been moving within for some time.
Currently, there are not enough buyers to establish a sustained position above this threshold. Mid-week, the German benchmark index rose to 25,700 before falling back, marking its highest level in a month. Later, SAP, the largest DAX company by value, reported earnings for the third quarter, exceeding expectations. Both Meta and IBM posted strong results after the US markets closed.
The long-term direction of the DAX remains unclear, according to market analyst Thomas Altmann from QC Partners. "Company profits are failing to convince shareholders entirely and are not instilling new confidence in the stock market."
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
