DAX continues to rise on the way to new records
While the US stock markets had to give way badly yesterday afternoon, the DAX was able to bring its daily gain to the finish line and let investors continue to dream of new record highs. The DAX closed at 20,340 points, up 0.62 percent. The only worries that can be seen among investors are the weak start to the US stock markets. Whether S&P, Dow Jones Industrial or the Nasdaq, the US stock markets have suffered severe setbacks and the technology index now looks heavily burdened in terms of charts, which could indicate a stronger setback.
Good economic data leads to weak US markets
The paradox of the story is that economic data in the US has been very good, but this in turn dwindles the hope of the markets that the Federal Reserve sees no need for further rapid interest rate cuts. As a result, profits are currently being taken off the table, especially in the technology sector. The good news is that this in turn creates favorable opportunities to reinvest in individual stocks. If it is indeed profit-taking, the chances of a turnaround for renewed rising markets are very good.
Daimler Truck Holding breaks resistance - start of a rally?
The DAX can then use this momentum very well to reach new highs and leave the 20,000 point mark behind. Daimler Truck Holding, for example, once again put in a very good performance, rising by 4.5 percent. The share has now succeeded in breaking the resistance and thus opens up further potential. If the market holds back with quick profit-taking, this breakout could succeed. Sartorius shares also seem to be recovering at the moment. This value also outperforms the DAX for the second trading day in a row. The Sartorius share looks more and more like a bottoming out.
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