Entertainment DAX goes higher in trading

11:05  22 september  2020
11:05  22 september  2020 Source:   finanzen.net

Strong start up: DAX dares to try again at the beginning of the week.

 Strong start up: DAX dares to try again at the beginning of the week. On Monday, investors in Germany are in a buying mood: the traffic light on the German stock market is initially green at the start of trading. © Provided by Finanz.net Ralph Orlowski / Getty Images The DAX enters Monday trading with a strong gain of 1.64 percent at 12,673.73 points. The guidelines from the USA have a supportive effect: the stock exchanges on Wall Street had risen sharply in late trading on Friday, once again driven by the large technology stocks.

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After the sell-off on the previous day, the German stock market heralds a cautious countermovement on Tuesday.

DANIEL ROLAND/AFP/Getty Images © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images

The DAX started the Tuesday session with a gain of 0.7 percent at 12,629.71 points.

Sell-off the day before

The day before, the leading index slipped by more than 4 percent for fear of investors of the rising wave of corona infections. He almost suffered his biggest daily loss since mid-March, when the corona crash was still going on.

In the USA, the Dow Jones Industrial had already recovered somewhat from its daily low the day before after the close of trading in Europe. This probably gives equities in this country some support after the DAX slipped to close to 12,500 points on Monday and thus equalized its remaining profits since the beginning of August.

Dax recovers a little from the previous day's loss

 Dax recovers a little from the previous day's loss © Fredrik von Erichsen / dpa The Dax is the most important stock index in Germany. The German stock market recovered somewhat on Tuesday from the losses it had suffered at the beginning of the week. The leading index Dax advanced by 0.83 percent to 12,646.52 points in early trading. The day before, the stock market barometer had slipped by more than 4 percent for fear of investors of a new wave of corona infections.

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The DAX index continued to trade in a very strong manner as the index seems to be threatening to break through the highs of the range that it has been trading Risks relating to global trade tensions, political uncertainty, and the pandemic, will be going away. At the same time, liquidity conditions

Fear of a second lockdown is increasing

However, the day before, experts spoke of a battered market because fear of a new lockdown is increasing in the corona crisis, especially in Great Britain. "I previously stated that one of the dangers to the global recovery is that large industrialized countries will again impose lockdowns at the national level," said market observer Stephen Innes of trading house Oanda.

The experts at Landesbank Helaba wrote: "It seems that September still lives up to its reputation as a bad month on the stock market." Yesterday's setback also left visible traces on the DAX chart. Important supports have been breached in a row. Finanzen.net / dpa-AFX


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