Short break before the new all-time high in the DAX
The DAX is visibly enjoying the moment before the breakout to a new all-time high. On Wednesday, the index initially started like a fire brigade, only to give up its gains again in the afternoon. This puts investors to the test, especially if the investment target represents the new all-time high that the German stock index can reach shortly. Donald Trump is currently dominating the movements of the stock market and this will probably continue for the next few days, weeks and months. It is somewhat reminiscent of Donald Trump's first term in office, when hardly a day went by without Trump's tweet and thus set the markets in a frenzy. The top topic at the moment is the tariffs, for which there are opinions, comments and water level reports every day. Another topic that was opened is the US claim to Greenland, for which Donald Trump does not rule out military activities.
Demand for defense stocks high
Yesterday, Rheinmetall's share price rose by 5.2 percent, in keeping with military statements, such as the demand for 5 percent spending by NATO countries on defense. This meant that the share of the German arms company could no longer be deprived of the day's victory. The shares of Heidelberg Materials and MTU were unable to keep up with this performance yesterday and closed up 2.8 percent and 1.7 percent, respectively. The shareholders of Siemens Energy shares had to accept a nasty setback. The share was down 5.96 percent at the end of trading. It is possible that the share will soon return to interesting price ranges, where the share could turn out to be a bargain. Only a downgrade by Kepler Cheuvreux seems to have led to profit-taking at Siemens Energy.
UK stock markets stabilize at high level
A look at the United Kingdom shows that the stock markets continue to push up slightly. Also on the agenda in the UK are the much-discussed tariffs that Donald Trump wants to impose, but the market is proving increasingly robust. BAE Systems and Pershing Square Holdings set positive signs on Wednesday.
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