Dax continues to struggle

DAX STILL NOT OUT OF THE BIGGEST – The Dax still has to nibble on its price slide at the beginning of the week. On Wednesday, however, it should stabilize a little further: the broker IG estimated the German benchmark index 0.1 percent higher to 15 231 points around two hours before the start. On Monday it was temporarily down to 15,048 points, but had just kept the upward trend since the Corona low in March 2020. “It will remain a buy-the-dip market for the time being,” said portfolio manager Thomas Altmann from QC Partners. Setbacks would therefore always be used to get started. This is especially true for the USA, where the indices had shown a strong reaction to the weak Monday the day before. “In this country, skepticism is still significantly greater than on the other side of the Atlantic,” said Altmann. He now generally expects greater fluctuations in the summer and not a return to the quiet trading of the previous weeks.

USA: – RECOVERED – After the disappointing start to the week, share prices in New York recovered strongly on Tuesday. The leading index Dow Jones Industrial rose 1.62 percent to 34,511.99 points, making up for a large part of Monday’s losses. The rapid spread of the delta variant of the corona virus had triggered concerns among investors about the further economic development the day before. The Dow was down more than two percent.

ASIA: – PARTIALLY RECOVERED – On Wednesday, Asia’s major stock exchanges recovered at least partially from the latest price slide. The fear of an economic dip due to the spread of the delta variant of the corona virus had left its mark in the past few days. This uncertainty persists, and investors are weighing up the economic prospects. The individual country exchanges were correspondingly inconsistent. The Hang Seng in Hong Kong recently fell half a percent, while the CSI-300 index, which includes the shares of the 300 largest publicly traded companies in mainland China, rose 0.7 percent. In Tokyo, on the other hand, the Japanese leading index Nikkei 225 rose by almost half a percent after encouraging economic data. The country’s exports rose sharply again in June and even slightly exceeded the average expectation of economists. In Australia, prices also rose, while in South Korea there were losses.

DAX 15216.27 0.55%

XDAX 15 262.96 0.86%

EuroSTOXX 50 3956.34 0.71%

Stoxx50 3465.06 0.52%

DJIA 34511.99 1.62%

S&P 500 4,323.06 1.52%

NASDAQ 100 14,728.21 1.23%

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BONDS / FOREIGN EXCHANGE / CRUDE OIL

PENSIONS:

Bund future 175.91 + 0.02%

CURRENCY:

Euro / USD 1.1773 -0.06%

USD / Yen 109.90 0.03%

Euro / Yen 129.39 -0.02%

CRUDE OIL:

Brent $ 68.92-0.43

WTI $ 66.77-0.43