WDH / DAX-FLASH: Record high at 14,804 points remains in sight | 03/29/21


(Clarification in 2nd sentence)

FRANKFURT (dpa-AFX) – The latest record high in the Dax at 14 804 points remains in focus at the beginning of the new trading week. Broker IG estimated the German leading index on Monday morning two hours before the Xetra launch 0.2 percent up to 14,774 points. The Dax is thus slightly higher than in the previous week, in which it had gained almost one percent.

According to experts, the Dax should also prove its standing qualities in the shortened trading week before Easter. Various failures in the current Corona vaccination campaign in this country have not discouraged investors, on the contrary: Bargain hunters have recently appeared again and again, who courageously took hold of stocks after price setbacks. “It seems like everyone is afraid of missing out on the next record,” said portfolio manager Thomas Altmann of QC Partners. They are already looking at 15,000 points. Altmann sees the news about the Suez Canal as positive news.

The container ship “Ever Given”, which ran aground in the Suez Canal, was brought back into a floating state and will be secured, said the maritime service provider Inchcape Shipping early on Monday morning. At first it remained unclear when the important waterway could be opened for passage again.

In addition to the corona situation with a rising seven-day incidence, the biggest worry factor on the market is the development of bond yields. However, JPMorgan’s market strategist Mislav Matejka remains calm. He assumes that the stock market will continue to cope well with rising yields./ag/stk


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WDH DAXFLASH Record high points remains sight


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