Current Dax: "A perfect week will be difficult" - Dax opens and fights for the 26,000-point mark after a series of gains
Investors may run out of steam on the last trading day of the week: Two important economic indicators are being published. In addition, the reporting season is also continuing.
The German stock market's Dax index is attempting to sustain its position above 26,000 points. It rose to an eight-week high, driven by positive corporate earnings, and closed up 1.3% at 26,040 points, its highest level since early September. This represents the largest absolute gain of 335 points since July. If the Dax closes with a positive sign on Friday, it would mark five consecutive days of gains, a feat last achieved in January.
However, portfolio manager Thomas Altmann of QC Partners believes a "perfect week" may be challenging due to concerns over artificial intelligence investments by US giants Alphabet and Amazon.
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.
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- Current Dax: Dax gains significantly – and exceeds 26,000-point mark handelsblatt.com
