Stock Exchange - Investors are hitting the brakes in DAX
A possible second term of Donald Trump as US-President dampens the interest of investors in the German stock market. The current volatile stock exchange could last for a while, said a market observer. The DAX started trading on Tuesday by carrying on its previous day's weakness and closed with a minus of 0.39 percent at 18,518.03 participants. The MDax lost 0.43 percent and reached 25,576.74 points.
On the other US exchanges, the trend continued upward following the gains from the previous day. Market participants refer to this as the "Trump Trade." This means that investors in New York are doing better due to the increased chances of a re-election of Donald Trump after the weekend attack.
Market strategist Thomas Altmann from QC Partners sees the DAX in the "usual summer lull," which has recently been reflected in particularly low turnover. The attempted breakout above the corrective trend since mid-May has so far failed. On Friday, the leading index reached its highest level since early June, leading some stock market participants to see it on its way to the record high of 18,892 points.
The uncertainty surrounding a potential second term of Donald Trump as the US-President has led some investors to reconsider their investments in Frankfurt am Main's Stock Exchange. Despite the volatile state of the US-Stock Exchange, the "Trump Trade" continues to thrive in the United States of America, particularly on New York exchanges. Financially, this means that investors in the US are benefiting from the increased chances of Trump's re-election after the recent weekend attack. However, market strategist Thomas Altmann from QC Partners believes that the DAX is currently experiencing its usual summer lull, which has resulted in relatively low turnover.
