Dusseldorf The start of the week was brilliant for the Dax: On Monday, the leading index reached a new high for the year at 15,674 points. He was able to surpass this several times over the course of the week. The biggest price drivers were the German car companies.
On the one hand they are profitable, but above all they dominate the Dax – by far. The leading German index has never been as car-heavy as it is today. “The car manufacturers in the Dax generated around 50 billion euros in net profit in the past financial year,” says Handelsblatt financial market analyst Ulf Sommer.
Read the Handelsblatt reading favorites of the week here:
In the current episode of Handelsblatt Today, he weighs the opportunities and risks of this car overweight against each other. As soon as one sector dominates an index, this sometimes also entails a cluster risk on the other side. In any case, the valuations of the car manufacturers are low in relation to the high profits and suggest a lack of investor confidence.
More: VW, Mercedes, BMW: This is how the car industry dominates the Dax
We have an exclusive subscription offer for you as a Handelsblatt Today listener: test Handelsblatt Premium for 4 weeks for 1 € and always stay informed about what’s moving the financial markets. More information is available here.
If you have any comments, questions, criticism or praise for this episode, please email us at: [email protected]
We can now be reached on WhatsApp, Signal and Telegram via the following number: 01523 – 80 99 427