The stock exchanges have long viewed the outcome of the US election with suspicion.
But after Joe Biden's victory, many investors are relieved.
Munich - Joe Biden's victory in the US presidential elections brings relief to stockbrokers.
The German share index
Dax
* rose 1.6 percent to 12683 points at the start of trading on Monday.
The German stock market barometer had already increased by eight percent last week and almost completely made up for the latest setbacks due to the corona pandemic.
The list of winners was headed by the automotive supplier
Continental
.
The titles rose by 3.4 percent.
Also,
RWE
and
MTU
improved respectively by almost three percent.
Bayer were again listed at the end of the DAX.
The 2020 US election has an impact on the Dax: Experts expect significant improvements in trade relations
The chief investment strategist of
UBS
in Germany,
Maximilian Kunkel
, said the election of Biden “and a divided congress are the best possible outcome for the Dax.
If the result is confirmed, the market can rely on a more cooperative and predictable trade policy, which would mean more planning security for German companies and investors. "
The President of the
Ifo
Institute, Prof.
Clemens Fuest
, was also confident about German-American trade relations.
With Biden's election, US trade relations should become “more predictable,” Fuest told the Ippen Digital editorial network.
With the victory of the Democrat Biden, the uncertainty will
disappear
, said market strategist
Stephen Innes of
the broker Axicom.
The fluctuations should now subside noticeably.
Together with the support measures taken by the central banks to cushion the negative economic consequences of the corona pandemic, the stock market rally could therefore continue after the election.
A less expansive
US fiscal policy
than in a purely 'blue wave' should also limit the depreciation of the dollar against the euro in the near future.
Regulatory concerns in the technology and healthcare industries would also prove exaggerated.
Last but not least, this result would also attract the necessary political attention in the USA towards a more sustainable energy supply.
The election result should end the last buy strike.
Investors with a positive view of vaccine development should tactically concentrate primarily on economically sensitive companies. ”
* Merkur.de is part of the nationwide Ippen Digital editorial network.
