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Dax with price rally: record high on the stock market, price gains for Nikkei

2020-12-29T06:28:42.466Z


The hunt for records on the stock exchanges continues: after the record highs in Dax, MDax, Dow Jones and Nasdaq on Monday, the Nikkei in Japan reached a 30-year high on Tuesday. The Dax is now looking at the 14,000 point mark.


Icon: enlarge

Dax at a record high close to 14,000 points:

Despite Corona, the stock exchanges worldwide (here stock exchange in Athens) have increased

Photo: AFP

Price gains in Europe, USA and Asia: Asian investors started trading on Tuesday with a new risk appetite.

"With Brexit and the US economic agreement in the rearview mirror, it's a relief that we've averted the worst-case scenarios," said Stephen Innes, chief strategist for global markets at Axi.

The

Nikkei Index,

comprising 225 stocks, 

climbed 1.63 higher to its highest level in 30 years

.

The broader Topix index rose 1.1 percent to stand at 1807 points.

The stock exchange in Shanghai was meanwhile unchanged.

The index of the major companies in Shanghai and Shenzen went on the spot.

The MSCI index for Asian stocks outside of Japan fell 0.2 percent.

On the German stock market, the Dax and the MDax had previously reached new record levels on Monday.

The Dax went out of trading at 13,790 points, trumping the old record of February 17, 2020.

So far, the leading index 2020 has gained around 4 percent in value despite the Corona crisis and an interim setback to 8255 points.

On Monday in pre-market trading, the leading German index Dax was listed at 13,867 points and was already looking at the 14,000 mark.


In Asian foreign exchange trading, the dollar lost 0.1 percent to 103.73 yen and was 0.1 percent to 6.5301 yuan.

In relation to the Swiss currency, it was quoted 0.2 percent lower at 0.8870 francs.

At the same time, the euro rose 0.2 percent to 1.2233 dollars and was quoted hardly changed at 1.0852 francs.

The pound sterling gained 0.2 percent to $ 1.3479.

Dax, Dow Jones, Eurostoxx:

All indices and share prices at a glance

In general, the floods of cheap money from central banks have proven to be important price drivers for years.

Most recently, the start of vaccinations against the corona virus had put people in a good mood.

Wall Street: Dow Jones and Nasdaq at record levels

The signature of US President Donald Trump on another billion dollar corona stimulus package set new records for the US stock exchanges on Monday.

The 

Dow

Jones

 Industrial climbed 0.68 percent to 30,403.97 points.

The market-wide S&P 500 and the selection indices on the technology-heavy Nasdaq stock exchange rose to new historic highs shortly before the end of the year.

The S&P 500 then gained 0.87 percent to 3735.36 points.

For the Nasdaq 100 it went up 1.01 percent to 12,838.86 points even more strongly.

On the weekend, US President Trump gave up his opposition to a corona stimulus package worth around 900 billion US dollars passed by Congress with a bipartisan majority.

In doing so, he also released part of the US government budget - otherwise there would have been a so-called shutdown on Tuesday, i.e. an at least partial standstill in authorities and government business.

Positive news came from overseas and from Brussels and London: shortly before the end of the Brexit transition phase, Great Britain and the European Union (EU) published their laboriously negotiated trade pact for the time afterwards.

A protracted argument is about to come to an end.

"The EU and Great Britain split peacefully. Both parties maintain a close economic partnership," wrote chief economist Thomas Gitzel from VP Bank.

It is crucial that the agreement leaves room for future governments to intensify the trade relationship.

Oil prices hardly changed

Oil prices stabilized in early trading Tuesday.

A barrel (159 liters) of North Sea Brent cost $ 51 that morning.

That was 39 cents more than on Monday.

The price of a barrel of the US West Texas Intermediate (WTI) also rose slightly.

la / dpa

Source: spiegel

All news articles on 2020-12-29

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