Economic optimism drives Dax to record

The recovery in the American economy gives investors hope. Once again, auto stocks are particularly strong.

Bull in front of the Frankfurt Stock Exchange: It stands for rising share prices.  The bulls are currently setting the tone on the stock exchanges.

Dhe German stock index Dax has continued its record run after the long Easter weekend thanks to strong economic data from the United States. The leading index passed the 15,300 mark for the first time on Tuesday. In early trading, it rose 1.3 percent to 15,306 points, and the S-Dax small cap index also hit a record level. He recently gained 1.2 percent to 15,922.42 points. For the M-Dax of the medium-sized values, it rose by 0.6 percent to 32,481 points. The leading Eurozone index Euro Stoxx 50 rose by almost 1 percent.

Positive impulses came from overseas: the American standard stock index Dow Jones and also the broad S&P 500 jumped to record levels on Easter Monday and had benefited from economic optimism in the generally thin Easter trade. On Good Friday, data showed that the labor market in the United States had recovered surprisingly strongly. On Monday, the strongly brightened mood of the American service providers surprised positively.

Before looking at the minutes of the US Federal Reserve (Fed) from mid-March on Wednesday evening, the focus is first on individual company news. Among the individual sectors in Europe, the auto value was the strongest with a plus of 1.5 percent. Thanks to price gains, primarily from German car manufacturers, the Stoxx Europe 600 sub-index Automobiles & Parts reached a new high since the beginning of 2018 and thus benefited from strong sales figures in America in the first quarter. In addition, according to the Ifo Institute, the German auto industry assessed its situation better in March.

Car stocks in demand again

In the Dax, the VW preference share was first and foremost the favorite with an increase of 3.3 percent. BMW rose by 2.1 percent, Daimler by 1.7 percent and in the M-Dax, the papers of the holding company Porsche gained 2.2 percent. The share of SAP also increased 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.

DAX ®

— (–)
  • 1T
  • 1W
  • 3M
  • 1J
  • 3J
  • 5J

To the detailed view

The Deutsche Telekom papers in the Dax were only visually weak. Like Beiersdorf in the MDax, the two companies are currently traded ex dividend. In the S-Dax, 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. The qualification for the Champions League has the BVB with now seven points behind the table fourth from Hessen as good as gambled away.