After volatile trading: US exchanges ultimately push the DAX significantly higher message

—The DAX was marginally weaker at the start of trading and after an ups and downs it finally, thanks to the tailwind from Wall Street, was 1.18 percent firmer at 12,232.12 points.

Investors were still torn between rising corona concerns and economic data suggesting an economic recovery. Last week, the high number of new infections in the United States in particular pushed the DAX down by almost two percent. On Monday, it will be particularly exciting to see whether the leading German index was able to defend the 12,000-point mark in the long term – most recently, the DAX was in the narrow range of 12,000 to 12,500 points.

“The struggle of investors for the broader perspective has not yet been decided,” it said in the current issue of Fuchs-Kapital. “The stock exchange has speculated that the economy will recover. Now the real economy has to deliver. We’ll stick to it: wait and see.”

Few appointments at the start of the week

The economic and corporate calendar was relatively empty on Monday. In May, the US housing market recovered from the Corona crisis much more strongly than experts had thought. That helped the courses on both sides of the Atlantic. Published consumer prices from Germany were again better than expected. In June they were 0.9 percent higher than a year earlier. In May the price increase rate was 0.6 percent. The individual values ​​at the now insolvent payment service provider Wirecard continued to be high.

Editorial office finanzen.net / dpa-AFX

Image sources: Julian Mezger for Finanz Verlag

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