09.10.2017 – 04:45 pm: Still the 13,000 Dax points are waiting to be cracked. At the very least, the German leading index can mark just below a new all-time high at 12,996 points. Fresh numbers from German industry, published early in the morning, are used as a support from domestic backgrounds.
Thus, the manufacturing sector could expand its production here again and this one surprisingly significant. The optimally tuned mixture is supplemented by positive targets from the Far East, where the Chinese Shanghai Composite was able to mark a new 20-month high on the first trading day of the week.
Beyond the large pond, the major leading indices are also watching from airy price levels. In an row Dow, Nasdaq and S&P had recently set new record highs. Regarding the Dow Jones, the longest profit series of the last four years had ended with a moderate minus on Friday. At the start of this week the Wall Street is now looking for direction.
In the face of the never ending rally, which attracts futher buyers to the stock markets and the resulting overbought market situation, on the other hand, which requires a corresponding consolidation, supply and demand so far balance. At the moment the Dow deals at 22.766 points without tendency. With 12,963 points the Dax is currently experiencing a slight increase of 0.1 percent.