Dax gains 200 points – The “January Effect” causes prices to rise

Dusseldorf After a friendly start on Monday, the trading year 2023 really gets going on Tuesday. For one thing, trading will take place on US stock exchanges for the first time this year. And on the other hand, the provisional German inflation rate for December has the potential to shake up the stock markets.

In the morning, the Dax rose by a further 1.4 percent to 14,266 points, an increase of around 200 points. The leading German index was already able to break through the 14,000-point mark on Monday, ending the session up one percent at 14,069 points.

This sharp rise in price is also tied to rising US futures contracts signaling a friendly open on Wall Street. The major indices are likely to open around 0.9 percent higher than last year’s closing level.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

source site-11