The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German share index started a little lower in the middle of the week. In early trading, the leading German index was trading at 15,732 points – a drop of 0.2 percent. Nevertheless, since yesterday the psychologically important 16,000 point mark in the Dax is back in the field of vision of the stock exchange traders: On Tuesday the price barometer overcame important resistance and rose by one percent to 15,757 points.
From the point of view of the market observers, one of the price drivers is the encouraging company balance sheets. “The proof that growth will break down due to slightly higher interest rates and slightly more inflation has yet to be provided,” said analyst Jochen Stanzl from the online broker CMC Markets. “There are outliers in negative respects, but these are currently in the minority.”
On Wednesday, the positive news prevailed in the reporting season: The chemical company BASF again increased its targets for 2021, the Deutsche Bank achieved its fifth quarterly profit in a row. And Puma is raising its sales expectations despite delivery problems.
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