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Stock market boom despite pandemic: Dax jumps to new record high

2021-04-06T10:37:35.608Z


Thanks to strong economic data from the USA, the Dax starts the trading week with a new record after Easter. The focus is on the shares of SAP.


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Frankfurt Stock Exchange: Positive impulses from overseas

Photo: MAXIMILIAN VON LACHNER / EPA

Thanks to strong economic data from the USA, the Dax continued its record run after the long Easter weekend.

The leading German index passed the 15,300 point mark for the first time this Tuesday.

The SDax small cap index also set a new record.

He last won 1.19 percent on 15,922 points.

For the MDax of the medium-sized values, it went up by 0.59 percent to 32,481 points.

Positive impulses came from overseas: the Dow Jones Industrial and the broad S&P 500 jumped to record levels on Easter Monday and had benefited from optimism about the economy.

As of Good Friday, data showed that the labor market in the United States had recovered surprisingly strongly.

On Monday, the strongly brightened mood among US service providers surprised positively.

In Europe, auto stocks benefited from strong US sales figures in the first quarter and grew the most at 1.5 percent.

In the Dax, the VW preference share was ahead with a plus of 3.3 percent.

In addition, according to the Ifo Institute, the German auto industry assessed its situation better in March.

The share of SAP went up by 1.4 percent.

As the news broadcaster CNBC reports, the Google parent Alphabet will no longer use Oracle's financial software, but that of the Walldorf-based company.

In the SDax, the shares of Borussia Dortmund (BVB) were at the bottom with minus 4.5 percent.

The Bundesliga team has to cope with the defeat against Eintracht on Holy Saturday.

BVB has almost gambled away qualifying for the Champions League, now seven points behind the fourth place in the table from Hessen.

hej / dpa

Source: spiegel

All business articles on 2021-04-06

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