Good reporting season drives course
DAX reaches next record high
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Wall Street is once again giving the DAX a tailwind, causing it to climb to a new all-time high. For the second time in recent days. There are several drivers for the upswing.
The DAX's record-breaking quest has entered a new round on the German stock market. The German leading index continued to expand its gains over the course of the day and reached a record high of 17,198 points. At midday, the DAX was up 0.86 percent at 17,194 points. On a weekly basis, a gain of a good one and a half percent is indicated.
The DAX reached a record high just on Thursday. In anticipation of long-term falling interest rates in the US and the eurozone, investors are snapping up stocks. Investors hope that a change in monetary policy will give the economy a new boost.
The MDAX of medium-sized stocks rose by 0.59 percent to 26,212 points on Friday. The EuroStoxx 50, the leading index of the Eurozone, rose by 0.77 percent. The price drivers are still good news from the reporting season. It is going very well on both sides of the Atlantic. However, traders point out that the new highs could also be related to the small expiry day. There is a need for coverage on the options market, but this will collapse again on Monday.
The market is currently focusing on new US inflation data: Producer prices (PPI) for January will be presented this afternoon. The automotive industry continues to surprise in terms of corporate figures. Hella has now also presented good results, after Stellantis, Renault and Michelin had already impressed the markets over the course of the week. Hella is down 0.5 percent. VW, BMW and Mercedes-Benz, however, are up by up to 1.3 percent. Automotive suppliers Valeo are up 2.3 percent and Forvia by 2.5 percent, while Continental is up 1.1 percent in the DAX.
