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Entertainment DAX clings to profits - "Bargain hunters on the prowl"

18:15  23 september  2020
18:15  23 september  2020 Source:   finanzen.net

Progress in the fight against coronavirus: DAX closes over 13,000 point mark

 Progress in the fight against coronavirus: DAX closes over 13,000 point mark At the start of the new trading week, investors on the German stock market were positive. © Provided by Finanz.net Thomas Lohnes / Getty Images The DAX started the session stronger and built on the price plus so that it was able to jump the psychologically important 13,000 mark. Ultimately, it came back a little from the daily high and closed 2.36 percent higher at 13,066.54 points. The fact that the fight against the corona pandemic is gaining momentum has a supportive effect.

In the middle of the week, the German benchmark index is clearly in the profit zone.

Andrew Burton/Getty Images © Provided by Finanz.net Andrew Burton / Getty Images

The DAX showed a premium of 1.13 percent to 12,737.32 points at the start of the bell. The German benchmark index can expand its profits even further. In the meantime, he made the jump over the 12,800 point mark. It currently gains 1.35 percent to 12,764.67 units.

Unexpectedly robust economic data from the industry pushed the recovery of the DAX further on Wednesday.

On Monday, the fear of the rising wave of corona infections hit the stock markets badly. The DAX had lost more than four percent.

DAX posts shaky profits

 DAX posts shaky profits On Wednesday the DAX made some gains in the meantime. © Provided by Finanz.net TANNEN MAURY / AFP / Getty Images The DAX started the trading day 0.15 percent lower at 13,041.83 points. In the meantime, however, the leading German index has moved into green territory and gained 0.31 percent to 13,101.50 points. In the short term, however, it went back to zero.

"After Monday's brilliant price slide, bargain hunters are still on the prowl," wrote market expert Timo Emden from Emden Research. In addition, there was good news from German industry in the course of the morning. Here the corporate sentiment had surprisingly brightened significantly. "The manufacturing industry remains the bright spot," wrote Thomas Gitzel, chief economist at VP Bank . In Germany, the mood in industry is as good as it was two years ago. Catch-up effects and the reactivation of international supply chains are currently stimulating the industry.

Despite all the joy about it, Gitzel should not forget that the switch to the electric car was a profound turning point for the European industrial location. The expert therefore also found warning words: "It can be assumed that the purchasing managers' index for the manufacturing industry has reached the end of the flagpole for the time being." Finanzen.net / dpa-AFX

editorial team

Who paid bail for Derek Chauvin, the police officer accused of George Floyd's death? .
© Rich Pedroncelli At a rally in honor of George Floyd, June 5 in Sacramento, California. In prison since May 29, the agent was released after paying a $ 1 million bond. Question asked by Anton on 07/10/2020 Derek Chauvin, indicted for the death of African American George Floyd (since dismissed from the police) on May 25, had been in custody since May 29. On Wednesday, he was released on bail, awaiting trial, which is to be held next March. His bond was $ 1 million.

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