30 AM.. This level represents a gain of 0.6 percent compared to the closing level of the previous day.
Market analysts attribute the upward momentum to a shift in seasonal trading signals, transitioning from red to green. This change, combined with recent weaker-than-expected U.S. labor market data, has strengthened expectations of a potential interest rate reduction by the Federal Reserve this month. This prospect of support from the central bank is currently overshadowing existing underlying economic concerns.
The Dax’s performance has been bolstered by record highs achieved on U.S. markets, creating a “pull effect” across the Atlantic. Chart technical indicators further suggest upward potential, with the index steadily emerging from a previous trading range established in September, unlocking potential for significant gains, a significant portion of which has already been realized.
Political developments in Washington are also being observed closely. Following a period of relative inactivity amongst Democratic lawmakers, a reassessment of budgetary processes is underway. The duration of any potential government shutdown will likely hinge on public perception of responsibility, with the Democrats holding a strategic advantage if they perceive themselves as blameless.
Observers suggest that U.S. President Trump is likely maintaining a composed stance, as buoyant stock markets and anticipated interest rate adjustments – previously requested – offer a favorable environment despite the ongoing budgetary uncertainty. The potential for a prolonged shutdown remains a possibility.
The Euro appreciated slightly against the U.S. Dollar, trading at $1.1749, representing a rate of €0.8511 per dollar.
