Dax up-to-Date: Dax Starts in Plus – Oil Price Falls
5 Articles
5 Articles
Europe's main stock indexes closed high this Friday (28), with support for a relief in oil prices and positive business results. Market participants were, most of the European high, waiting for the speech of Kevin Warsh, the new president of the Federal Reserve (Fed), at the Jackson Hole Economic Symposium. At the close, the Pan-European Stoxx 600 index was 0.55% high, at 655.45 points, the FTSE 100, from the London Stock Exchange, rose 0.29%, a…
The German index Dax set a new record this Friday afternoon.
The Dax is increasing at the start of trading and is thus increasing its price to new record levels. Investors are looking forward to the expected Fed speech and possible hints on further interest rate policy.
The DAX closed the week higher. The index was calculated at 26,570 points at the close of Xetra trading, a gain of 0.8 percent compared to the previous day's close. After a positive start, the DAX initially held its level before rising significantly in the afternoon, reaching a new record high of around 26,619 points at 4:57 p.m. "Although the US and Iran are negotiating again, the situation remains extremely fragile," commented Andreas Lipkow, …
Ahead of the central bankers' meeting in Jackson Hole, investors are showing confidence. RWE shares are leading the DAX. Shares of BMW and Mercedes are also rising. Oil prices are easing slightly.
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