DAX slightly up after looking for direction

0
1
The new Nutri-Score food logo is due to start in November


After the relapse the day before, investors in the German stock market remain on the defensive.


YASUYOSHI CHIBA/AFP/Getty Images


© Provided by Finanz.net
YASUYOSHI CHIBA/AFP/Getty Images


Of the DAX went into Wednesday trading with a marginal minus of 0.05 percent at 13,012.69 points. After fluctuations in a narrow range, the share barometer is currently increasing by 0.18 percent to 13,042.48 points.

In view of the many political uncertainties and the concerns about the rising number of new corona infections, market observers expect trade to be hesitant.

Video: China’s foreign trade continues to rise after the corona slump (dpa afx)

The day before, the most important German stock market barometer had fallen by almost one percent in view of the corona worries and the lack of progress in the negotiations in the USA on a new economic stimulus program. In the United States, too, the indices had paid tribute to their recent run. Since the beginning of October, however, the DAX has done well so far, with growth of a good two percent currently.

However, a few weeks before the US election and in view of the dreary Brexit negotiations, the nervousness in the financial markets is increasing. Another negative factor are worries about the increasing number of new corona infections worldwide. According to Helaba, however, there are “en masse” of uncertainties that could favor a change in mood.

Advice on corona rules

In Germany, Chancellor Angela Merkel and the state ministers are discussing measures to contain the pandemic this Wednesday. At the meeting in the Chancellery, it will be about whether the countries find a more uniform line and rules should be tightened. Editor finanzen.net / dpa-AFX

LEAVE A REPLY

Please enter your comment!
Please enter your name here