Strong guidelines from Wall Street should lift the mood on the German stock market at the start of the week. Thanks to good data from companies and the real estate market, the courses in New York rose steadily on Friday – the Dax now seems to want to catch up in early trading. Broker IG estimated the leading German index just under two hours before the start of Xetra trading at 12,825 points, around half a percent above the closing price on Friday.
On Friday, the Dax had slipped towards its lowest level in almost two weeks, but had caught on the 50-day average. This is considered an indicator of the medium-term trend.
However, there shouldn’t be too much euphoria among investors, as the corona infection numbers in Germany and other countries continue to skyrocket. This development arouses concerns among investors about possible new lockdowns and their consequences for the economy./bek/mis
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.