DAX is not far from 20,000 points
Investors are driving the DAX to heights unimagined a few days ago. Another all-time high was reached, with the DAX closing at 19,933 points, only 67 points away from the historic 20,000 points. Another milestone in the history of the German stock index could be reached as early as Tuesday. Investors are already rubbing their hands for a rich Advent season. This cannot slow down even the still incumbent foreign minister, who is currently trampling on the already meagre relations in China. It is astonishing how clever Western politicians are with their advice, but forget that the interdependencies with the rapidly emerging economic power are simply too great to appear as know-it-alls.
DAX shares with further potential
Investors and investors in Adidas, Munich Re and SAP probably didn't care about this yesterday, Monday. The share of Adidas rose by 3.2 percent, while the share of the reinsurer Munich Re experienced a price premium of 2.9 percent and the share of the Walldorf-based software giant SAP still took third place in the DAX list on Monday with a price increase of 2.7 percent. The Munich Re share is on the verge of reaching a new all-time high, which the SAP share has already reached today, Monday. The Adidas share is also building up good momentum, although it still has a long way to go to also post new record highs. Do investors see this as an opportunity and continue to take advantage of it?
Euro steers towards parity with the US dollar
In the European financial markets, the French spectre is currently haunting the stock markets, with the potential to put the euro, as well as the stock markets, under considerable pressure. France's far-right party threatened to topple the fragile government of Prime Minister Michel Barnier through a vote of no confidence, which escalated the dispute over the national budget. The euro in particular is suffering from this development and is trading at only 1.05 US dollars. It won't be long before parity with the US dollar becomes relevant again.
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