12.10.2017 – 04:50 pm: Mission completed: probably not on a day basis but at least intraday the Dax climbs for the first time in its history up to 13,000 points. Despite a moderately weaker tending Wallstreet investors are in a good mood. Dax, MDax and TechDax can all increase and present themselves on a solid terrain. The German leading index marks its new record high with 13,002 points. Previously, the markets in the Far East had already been able to set new standards and the Wallstreet has been moving from record to record for months now.
Fort the moment an ideal mixture provide perfect conditions for shareholders: low interest rates, liquidity in excess and barely available profitable investment alternatives. In addition the majority of economic indicators present positive signals as well as gains in profits on companies side. Further there is no geopolitical blastfire at the moment. The whole thing is acomplished with the outview for an extremely economic-friendly tax reform in the United States. At least if Donald Trump would be so kind to deliver sometime.
Currently Dax is showing an increase of 0.1 percent up to 12.986 points. The euro is loosing ground again after a short trip to a new October high, currently yielding 0.1 percent to 1.1843 USD. Gold is likely to recover and shows a plus of 0.1 percent in the late afternoon ($ 1,293 per ounce).