DAX closes above 20,000 points - consequences profit-taking
Yesterday, Tuesday, the historic 20,000 points in the German stock index were surpassed. In the midst of the government crisis and a more than unwise representation of German foreign policy with the important trading partner China, the German stock index is going steeply and surpassing the 20,000 points with the closing price. The DAX had gained all of November to take the Thanksgiving effect directly with it and possibly even directly trigger the Santa Clause Rally. It would not be surprising, because now even the last critic should have fallen silent for the time being. But this is exactly where the danger lurks for all those who want to jump on the bandwagon now. If larger profit-taking sets in and purchases fail to materialise, there is a risk of a sharp correction, which could start as early as the end of the week, should the US labour market data not turn out as expected and tempt the Fed to act more conservatively than the market expects.
Heidelberg Materials ahead of Deutsche Bank
Among the individual stocks, Deutsche Bank took second place with a gain of 2.8 percent and benefited from an upturn in the real estate market, which resulted in a 40% increase in loans for condominiums. Only Heidelberg Materials, with a price gain of 3.3, was able to prevent Deutsche Bank from once again winning the day. Analysts are likely to be responsible for this price increase, who emphasized the importance of building material stocks in recent days and, for example, Deutsche Bank raised the price target of Heidelberg Materials.
Euro still under pressure - Is there a threat of a further price drop?
The impending collapse of the French government is putting further pressure on the Euro. Now that the German government has virtually ceased to exist, this would be the second government to collapse in the economically most important countries of the European Union. The Euo was able to stabilize somewhat, but it remains weak and threatens to get under the wheels of the dollar with a "dovish" ECB with further interest rate cuts.
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