FRANKFURT (dpa-AFX) – On the last trading day of the 2020 stock exchange year, investors are taking it easy. The Dax (DAX 30) is unlikely to move into shortened trading after having slumped after a record the day before. The trading house IG assessed the leading index two hours before the start, almost unchanged at 13,763 points. It is currently heading for an annual plus of almost four percent. In December alone, it has grown by 3.5 percent so far.
The day before, the Dax was allowed to squint almost in the direction of 14,000 points, but then investors got cold feet. With a record of 13,903 points, they took on a heavy mortgage for the new stock market year, as a hoped-for recovery from the virus crisis is anticipated. “The pivotal point remains the rampant coronavirus pandemic on both sides of the Atlantic,” said market analyst Timo Emden from Emden Research.
On the day before New Year’s Eve, trading in Frankfurt ends at 2 p.m. This means that the Dax can only react to further international requirements in the new year. In London, Paris and New York there is still trading on New Year’s Eve. The leading US stock exchanges thus have one more day left for higher records. The day before, investors had also pulled the handbrake there after higher aid payments to the citizens were blocked in the Senate./tih/jha/
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