FRANKFURT / LONDON (IT BOLTWISE) – The DAX has once again exceeded the psychologically important mark of 24,000 points. After falling on Friday, the leading German index recovered thanks to positive developments on the Asian markets and a stable political situation in Japan. Economic growth in China was also better than expected, giving the markets an additional boost.
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The DAX, Germany’s leading stock index, has once again exceeded the symbolic mark of 24,000 points. This development comes after a decline on Friday, which saw the index temporarily fall as low as 23,684 points. The recovery on Monday morning was supported by positive impulses from Asia and a stabilization of the political situation in Japan.
A coalition is emerging in Japan that will ensure political stability and give the markets confidence. This development is being received positively by investors, as political uncertainties often lead to volatility on the stock markets. At the same time, economic growth in China exceeded expectations, giving additional momentum to the Asian markets and having a positive impact on the DAX.
The US stock market had also gained on Friday after the end of European trading, giving further lift to global markets. This positive mood was transferred to the DAX, which is now back above its 50- and 100-day average lines. These technical marks are crucial for many investors as they are considered indicators of the medium-term trend.
The developments in Asia and the USA show how closely connected the global financial markets are. Positive news from one region can quickly have an impact on other markets. For the DAX, this means that international factors play a significant role and can significantly influence the price development. Stability in Japan and better economic growth in China are therefore important factors that are currently supporting the German stock market.
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