“The bulls have the upper hand on the Frankfurt trading floor,” said market analyst Milan Cutkovic from broker AxiTrader. In the case of record-high Vonovia shares and Deutsche Post, the results of two Dax groups were very well received, but less so in the case of BMW.
In addition to the quarterly reporting season, the tensions between China and the United States and the fear of another corona wave remain the key issues. Time is also ticking in the discussions in the US Congress about further economic stimulus in the corona crisis. A look at the price of gold, which has recently risen above the $ 2,000 mark for the first time, shows how great the security need of many investors is.
Charter experts at the Dax do not want to speak of an exemption. In the eyes of Andreas Buchler from the specialist magazine Index-Radar, the leading index currently has no tangible trend. “And that should remain the case if market participants do not at least access again over the next technical hurdle,” said the expert. In his opinion, a stability signal would only be prices above 12 750 and 12 850 points.
For the Deutsche Post
During the quarterly balance sheet of Allianz
There were also numerous company reports in the second series of indexes. In the case of Commerzbank
Analyst comments were also worth a look. Fresenius suffered in the Dax
Over the course of the day, the economic side still looks at sentiment data from the service sector as well as the ADP employment report in the USA. Investors will tap the signals for the official labor market report expected on Friday. According to Commerzbank, the ADP data should show that the situation on the US labor market is still precarious./tih/jha/