One day after the DAX presented itself with an all-time high from its best, profit-taking set in on Tuesday and the previous day's profit melted away. With a minus of over 3.5 percent, the index closed at 22,326 points. Investors now have no choice but to observe how the market develops today, Wednesday, because in after-hours trading there are signs of buying that will noticeably limit the losses again. The market is also eagerly awaiting how Donald Trump's speech to both chambers of Congress will be interpreted in the markets.
"America is back" was the first sentence with which the US president opened his speech and thus directly sets an example of where the journey should go in the next four years. Celebrated by the Republicans and booed by the Democrats, Trump seems to have managed to divide the people of the USA like no other president before him. Is this also happening in the markets? Continental with minus 11%, Fresenius slumped by more than 9 percent and Siemens Energy with a minus of almost 8 percent felt yesterday's trading day how quickly price gains can develop in the other direction again if demand for shares fails to materialize. In any case, the DAX is on shaky ground for today, Wednesday, because the substance of the after-hours upswing must be shown in day trading, especially if the US markets enter trading in the afternoon.
Slight losses in the British FTSE 100 stock index
The British FTSE 100, on the other hand, held steady and seems to be able to leave the EU stock markets further behind for the time being. In the UK, a determined government and sound monetary policy from the Bank of England are helping to give investors confidence in the markets. This is directly reflected in the prices, which have been rising continuously in the FTSE 100 since the beginning of the year without exaggeration. What is on the minds of investors is the concern about the oil price and the approaching trade war, which the US president is currently pushing forward. The UK is still relaxed, but this concern should be taken seriously, as recently shown by the further escalation of the USA in the trade dispute with Canada.
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