Money DAX investors cautious about ECB decision

10:55  29 october  2020
10:55  29 october  2020 Source:   finanzen.net

Dax just up - investors remain hesitant at first

 Dax just up - investors remain hesitant at first After the setback the day before, investors on the German stock market are initially cautious. The German leading index Dax initially stabilized above the 13,000 point mark in early trading. Most recently, it was 0.18 percent up at 13,042.19 points. © Fredrik von Erichsen / dpa The Dax is the most important stock index in Germany. In view of the many political uncertainties and concerns about the increasing number of new corona infections, market observers expected trade to be hesitant.

Dax index started higher in a cautious mode as investors digest the ECB decision yesterday and a sharp correction in Wall Street and more specifically in the big tech companies. The European Central Bank ( ECB ) left the interest rates unchanged as was expected by analysts but surprised some

Index performance for Deutsche Boerse AG German Stock Index DAX ( DAX ) including value, chart, profile & other market data. The German Stock Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange.

In anticipation of new information on the monetary policy of the European Central Bank (ECB), the DAX started slightly higher on Thursday.

PHILIPPE HUGUEN/AFP/Getty Images © Provided by Finanz.net PHILIPPE HUGUEN / AFP / Getty Images

The DAX celebrates Thursday's session with a gain of 0.61 percent to 11,631.07 points.

Video: Second corona wave burdens the economy (dpa afx)

On Wednesday, the planned tightening of the pandemic restrictions pushed him 4.2 percent into the red to 11,560.51 points.

Because of the skyrocketing number of coronavirus infections and the renewed standstill in parts of the European economy, stockbrokers are hoping for more cash injections from the management members of the ECB. "There is a chance that they will actually ease monetary policy," said economist Paul Diggle of wealth manager Aberdeen Standard. "It is more likely, however, that they will use Thursday to hint at easing in December when a new set of macroeconomic projections is available."

At the same time, a new wave of company balance sheets is keeping investors busy. Against the background of the worsening virus crisis, they are turning their attention to the outlook for companies. Finanzen.net / Reuters

Jennifer Lopez's daughter Emme is her double in sweet new photo .
Second Act star Jennifer Lopez left fans doing a double-take when she posted a sweet photo of her daughter Emme on Instagram and she looks just like her famous mum

usr: 0
This is interesting!