After a mid-week setback, the Dax is back on the rise and has set another record. On Thursday, the German main index surpassed 19,000 points and rose to 19,253 points. At the end of trading, the Dax maintained its position price increase of 1.69 percent to 19,238.36 points. For MDax medium-sized companies finally rose 1.82 percent to 26,797.03 points.
“Stimulus from China”
Dax turned on the turbo and closed comfortably above the 19,000-point mark, which from a technical point of view indicates a continuation of the uptrend, comments analyst Konstantin Oldenburger from broker CMC Markets. “The monetary policy stimulus from China acted as a boost for local stocks and indices around the world.”
After China’s central bank earlier announced long-term measures to stimulate the domestic economy, political leaders also signaled their willingness to provide support on Thursday. Further price drivers will be expectations around the world that interest rates will continue to fall and positive corporate news from the U.S.
