Main Drivers of the DAX Increase
The DAX has experienced a remarkable rise in recent days, bringing it close to the 22,000 points mark. This upswing is driven by several factors:
- Positive Signals from the USA: The DAX benefits from encouraging signals from US customs policy. After uncertainties regarding the Trump administration’s customs policy led to plummeting prices in early April, positive developments now are strengthening the markets. A relaxation in the trade dispute between China and the USA and conciliatory comments by Donald Trump towards Jerome Powell, the head of the Fed, are also contributing to the positive climate.
- Strong Indicators from Wall Street and Asian Markets: Wall Street and Asian indices provide strong indicators, which also bolster the DAX.
- SAP Stocks: A significant driver of the DAX’s rise is the strong surge in SAP shares. The software company posted strong business figures for the first quarter of 2023 that exceeded analysts’ expectations. This led to a nearly nine percent increase in SAP’s stock price, which significantly strengthened the DAX.
- Other Corporate News: Other companies like Infineon, a leading chip manufacturer, have also managed to impress with positive stock developments and contributed to the rise of the DAX.
Significance for Investors and Savers
The DAX’s rise to nearly 22,000 points is of great significance for investors and savers as it reflects a positive market climate. This can lead to increased willingness to invest and strengthen economic development. However, it remains to be seen how long this high-flying trend will last, as markets can always be influenced by various factors.
Current Developments
At the current time, the DAX has significantly gained in the last trading days. On Wednesday, it reached a level of about 21,962 to 21,977 points, representing an increase of more than three percent compared to the previous day. This movement shows that the DAX is continuing to develop positively and is approaching the 22,000 points mark.