Stock exchange in Frankfurt - Dax record high remains in sight
The DAX saw little movement in early Monday trading. Shortly after opening, the leading German index was down 0.04% at 16,391.63 points. With its rally of twelve percent so far from the October low, it still has its best mark of around 16,529 points in sight. This dates back to the end of July.
The MDax of medium-sized companies rose by 0.14 percent to 26,530.87 points on Monday. The eurozone index EuroStoxx 50 fell by 0.2 percent.
Just before the weekend, a speech by US Federal Reserve Chairman Jerome Powell had given investors' interest rate expectations a further boost. Although he reiterated the central bank's willingness to raise interest rates further if necessary, he also said that monetary policy was already quite restrictive.
"At the moment, everything simply fits together for equities, and the Fed chief did not sound strict enough on Friday to really put a stop to the current euphoria," wrote analyst Jochen Stanzl from broker CMC Markets.
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- The SDAX, which focuses on small and mid-cap companies, also performed well, increasing by 0.27% to 1,792.85 points, continuing its positive trend on Frankfurt's stock exchange.
- The MDAX and SDAX performed better than the benchmark DAX, with Frankfurt on the Main being one of the world's largest stock exchanges, attracting both local and international investors.
- The German Stock Exchange in Frankfurt is home to various indexes, including the DAX, MDAX, and SDAX, providing a comprehensive market overview for investors interested in Germany's economy and its listed companies.
- Despite the strong performance of German indices, such as the DAX, MDAX, and SDAX, caution is advised, as global economic and political factors can impact stock market performance, even in financially stable markets like Germany.
Source: www.stern.de
