The DAX opened the session on Tuesday and then even jumped above the 11,500 point mark. The DAX ended Tuesday trading 1.00 percent stronger at 11,504.65 index points. The TecDAX also moved on green terrain after starting with a plus of 0.55 percent at 3,172.43 meters. He bid 0.6 percent firmer at 3,174.25 units.
After a strong start to the week, the DAX continued to grow on Tuesday. Economic data once again became the focus of investors: According to GfK consumer researchers, consumer behavior recovered somewhat from the shock caused by the spread of the corona virus.
Due to the loosening of corona restrictions in many countries and the start-up of the economy, there was optimism among investors. There was also positive news from the USA: Novavax is starting clinical tests with a drug candidate against COVID-19. “More and more countries are on the way back to normality and the prospects for an early vaccine have improved,” said dpa Milan Cutkovic from the AxiTrader trading company.
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The EuroSTOXX 50 was able to grow after having posted an increase of 0.41 percent to 2,983.65 index units at the start of trading. Ultimately, an increase of 0.94 percent remained at 2,999.22 points on the course board.
The mood on the market was positive: investors were hopeful due to the relaxation of restrictions and the start-up of the economy. “Investors are currently surfing on a wave of euphoria,” said dpa portfolio manager Thomas Altmann from QC Partners. “No one thinks about the stock market that this wave could be over quickly.” And so the European equity markets were able to continue their positive trend from the previous day.
According to data from the GfK consumer researchers, consumer behavior is also recovering somewhat after the shock caused by the corona virus.
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The leading US index Dow Jones showed itself at the start of trading with premiums of 1.29 percent at 24,781.84 points and then climbs further into the plus – he makes the jump above the psychologically important mark of 25,000 points. Meanwhile, the NASDAQ composite to open 1.89 percent to 9,501.21 units, he also continues to expand his profits.
Investors are hoping for a quick recovery in the economy and are being euphorized by increasing easing measures and the supposed prospect of a vaccine. In the background, however, warnings from virologists that a second wave of infection could be triggered are put into the background. “Any glimmer of hope that any process will go well or a series of tests will be positive,” said Dow Jones Newswires Hani Redha, portfolio manager at PineBridge Investments.
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The winner in Tokyo Nikkei at the end of trading 2.55 percent to 21,271.17 counters.
The presented itself on the Chinese mainland Shanghai Composite meanwhile, 1.01 percent firmer at 2,846.55 index points. In Hong Kong, the Hang Seng ultimately by 1.88 percent to 23,384.66 points.
The fact that more and more countries are now loosening their restrictions on coronavirus containment and the economy is starting up again made investors optimistic about an economic recovery. And so the protests in Hong Kong and the tensions between China and the USA due to the controversial security law moved somewhat into the background and the stock exchanges in Asia posted profits on the second trading day of the week.
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