DAX – Difficult Signals from the U.S. After the Easter Weekend
How will the DAX start the new trading week after the long Easter weekend? Investors are hopeful that the slightly positive trend will continue. However, signals from the U.S. are challenging in this regard, as there are rumors that the U.S. President is looking for ways to replace Jerome Powell as Chairman of the Federal Reserve. Trump is reportedly dissatisfied that the Fed is not lowering interest rates as he desires.
This uncertainty unsettled the markets on Monday, causing major stock indices to decline further. Key indices such as the Dow Jones Industrial, S&P 500, and the tech-heavy NASDAQ each dropped by more than 2 percent. This indicates that turbulent times in the markets may continue.
Will this also impact the DAX and European markets? Market participants will certainly keep a close eye on the Purchasing Managers’ Indices (PMIs) this week to get a sense of how the European economy is reacting to the newly adjusted U.S. trade policies.
Price indications suggest that the DAX could open slightly lower today. It will be important to see how quickly the market adjusts, attempts to close the potential gap, and build new momentum. Thursday’s intraday high will be a key level to watch. If this level is surpassed, the DAX may quickly rise further toward 21,500 points.
Siemens Energy Hits New Record High with Strong Outlook
Supporting the DAX could be stocks like Siemens Energy, Sartorius, and Vonovia — the best performers from last week’s trading. Particular attention is on Siemens Energy, whose stock jumped more than 10 percent on Thursday and is now on the verge of surpassing its all-time high. This could attract new buyers to the stock.
The driver behind this price surge is the strong economic outlook the company was able to present.
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