The Dax continued its record run on Wednesday and made it over the 18,000 point hurdle for the first time. The ongoing rally on the US stock exchanges provided the necessary positive impulses.
After the German leading index climbed to 18,001.42 points in early business, the moderate gains crumbled. The DAX closed 0.02 percent in the red at 17,961.38 points. The index of medium-sized companies, the MDax, fell by 0.21 percent to 26,352.47 points.
“It seems as if nothing can stop the market anymore, not even a slight increase in inflation in the USA, which could push the first interest rate cut further back,” wrote Jürgen Molnar, capital market strategist at the trading house Robomarkets.
According to the expert, Friday is likely to be “the most interesting trading day of this week” as it will again be a big expiry day on the futures exchanges. Then options and futures on stocks and stock indices expire, which, according to Molnar, could cause a lot of movement, especially above 18,000 points. These dates have often been decisive turning points for the market in the past.
