As of: March 27, 2024, 6:17 p.m
Comments
Press
Split
The Dax is the most important stock index in Germany.
© Fredrik von Erichsen/dpa
Nothing could stop the Dax from reaching its sixth record high in a row on the Wednesday before Easter.
In the afternoon, the leading index climbed above 18,500 points for the first time and closed with an increase of 0.50 percent at 18,477.09 points.
This means he has increased the profit since the beginning of the year to more than 10 percent.
The MDax of medium-sized companies climbed to its highest level since the beginning of January in midweek trading and ended 0.82 percent higher at 27.
Frankfurt/Main - 091.95 points.
“The DAX is currently in a phase of price acceleration,” said financial market expert Andreas Lipkow.
Especially with a view to the approaching end of the quarter, more and more market participants are being drawn into the market.
However, the Dax is now overheated.
Analyst Jochen Stanzl from broker CMC Markets also urged caution before the long Easter weekend.
He referred to the publication of the inflation indicator, which is important for the US Federal Reserve, on Good Friday, when the stock markets are closed and share prices can only react to this after Easter.
This means there is a risk of a price gap over the long weekend.
Stanzl therefore believes it is possible for investors to take profits beforehand.
But so far the opposite has been the case, prices have continued to rise.
dpa