Börse Express – Frankfurt Stock Outlook: Dax expected with a friendly start to the week

Investors in the German stock market are likely to start the new week with confidence. Thanks to positive input from Wall Street on Friday, the Dax should
received a boost on Monday morning. The X-Dax as an indicator for the German benchmark index signaled an increase of 0.59 percent to 12,840 points around an hour before the start of the stock market. The EuroStoxx 50 As the leading index of the euro zone, a profit of 0.55 percent is expected on Monday at the start of trading.

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. The stock market barometer thus closed the past week with a minus of a good one percent.

However, there shouldn’t be too much euphoria among investors at the start of the new week, 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.

“This is a clear summer slump. Unless investors are on vacation, the majority of them are on the sidelines and waiting for new impulses. The fear of positioning themselves on the wrong side is still great,” stated market analyst Thomas Altmann from QC Partners .

In the absence of fundamental news, investors should focus on the current changes in the most important German indices among the individual stocks. As of this Monday, the shares of the food delivery service are Delivery Hero included in the Dax. They take the place of the Wirecard papers one, who had to leave the first stock exchange league because of the consequences of an accounting scandal. In the pre-market trading, Delivery Hero shares on the Tradegate trading platform rose by around 0.8 percent compared to the Xetra market close on Friday.

Delivery Hero’s rise to the Dax from the MDax leads to further index changes. The space that is freed up in the index of medium-sized stocks is taken from the previous SDax member Aixtron occupied. The hardware store chain Hornbach Baumarkt is on the other hand for the special machine manufacturer specializing in the chip industry in the secondary stock index SDax . The Aixtron titles gained around 0.2 percent on Tradegate, the Hornbach Baumarkt shares advanced by around 1.8 percent./edh/stk

 ISIN  DE0008469008  EU0009658145  DE0008467416

AXC0055 2020-08-24/08:14

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