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Der Dax ist wieder dran am Rekordhoch.

Posted by Otto Knotzer on January 26, 2020 - 5:51am Edited 1/26 at 5:55am

Der Dax ist wieder dran am Rekordhoch.

The Dax is back at a record high. No investor currently wants to miss anything and resets currently have a short lifespan. Even the dangers of the corona virus couldn't change that today.

DaxDax: Price trend on the Xetra stock exchange for the intraday period
Price 13,576.68 Difference relative + 1.41% In my portfolio
In my watchlist
At the end of a friendly trading day, the Dax closed significantly in positive territory at the end of the week. The index rose 1.41 percent to 13,576 points. However, the Dax failed with a new record attempt, the old mark of 13,640 points was not overcome.

The top was reached today at 13,604 points. But that was almost 100 points more than the daily low of 13,510 points. On a weekly basis, there is a slight increase of almost 0.4 percent.

"Investors remain trained to buy short-term setbacks in the German stock index. The current bull market does not allow more entry opportunities," said the trading company CMC-Markets. Reference is made to the latest purchasing manager indices from Japan, Great Britain and Germany.

Radio presenter Ulla Herrmann
AudioBörse 8:00 p.m .: That was the day
"Although this is still a delicate plant, it shows that investors were not completely wrong in their expectations of an economic recovery," the experts continued.

Pandemic fears fade into the background
Specifically, the issue of coronavirus remains on the floor, but the Chinese government's tough measures in the affected city of Wuhan reassured investors. The World Health Organization (WHO), which so far sees no international health emergency in the epidemic, also contributed to the calming. The market received tailwind in the morning from better than expected domestic economic data.

German economy is picking up
According to a survey, the German economy started the new year somewhat better than expected. The purchasing manager index rose by 0.9 points to 51.1 points in January, according to the monthly survey published by the institute IHS Markit on Friday among around 800 companies. Economists surveyed by Reuters, on the other hand, had expected a lower increase to 50.5 points.

"The preliminary estimates for January provide numerous positive signs that the storm clouds over the German economy are slowly disappearing," said Markit economist Phil Smith.

Wirecard closes the FT gap
WirecardWirecard: Price trend on the Xetra stock exchange for the intraday period
Price 140.60 Difference relative + 4.46% In my portfolio
In my watchlist
The biggest price winner in the Dax remained the Wirecard share until the end, which rose 4.46 percent. The peak went up to 143.05 euros today. In doing so, the paper has closed the gap in prices widened in October after repeated allegations by the "Financial Times" (FT). The upper gap edge was at 139.80 euros.

The payment service provider's share price had plummeted in October, according to a FT report on alleged accounting problems in Dubai and Ireland, and had dropped to an intermediate low of € 102.20 by December. Since then, the price has recovered by almost 37 percent.

In addition, RWE was in demand among the individual values ​​(again), but also Infineon in the wake of the good Intel numbers. However, auto stocks were not in demand. The industry is suffering from the Damocles sword of US tariffs, which President Trump brought into play at the economic meeting in Davos. Continental remained at the bottom of the Dax, losing more significantly with a minus of 3.30 percent.

Only VW was able to disconnect somewhat from the bad mood in the industry, but lagged behind the market. After all, the Czech subsidiary Skoda set a new production record in 2019 with 910,000 vehicles in its two Czech plants.

RWE STRWE ST: Price trend on the Xetra stock exchange for the intraday period
Price 31.92 Difference relative + 2.80% In my portfolio
In my WatchlistContinentalContinental: Price trend on the Xetra stock exchange for the intraday period
Price 103.10 Difference relative -3.30% In my portfolio
In my watchlistVolkswagen VZVolkswagen VZ: Price trend on the Xetra stock exchange for the intraday period
Price177.52difference relative + 0.53% to my depot
In my watchlist
US markets are turning negative
The leading Dow Jones index cannot hold initial gains and has now dropped about 0.8 percent. The record hunt on Wall Street is at least interrupted. The trade is burdened by the news that a second coronavirus case was found in the USA. The papers of the credit card provider American Express are tending better against the trend. According to better than expected figures, they are growing by around 2.4 percent.

Dow Jones Ind. Dow Jones Ind .: Price trend on the Citigroup stock exchange for the intraday period
Price 28,988.57 Difference relative -0.59% In my portfolio