Saturday November 28, 2020
The past week on the stock market comes to a pleasant end for the Dax. And also for the new week, the stock market lights are on "green". After the good vaccine news, the main focus is now on economic data.
According to experts, the hope of an effective agent against the corona virus should continue to support the German stock market in the new week. There is also the prospect of a breakthrough in the ongoing Brexit negotiations between the European Union and Great Britain. However, investors should be on their guard: In view of the recent significant price increases, the Dax could quickly come under pressure again in the event of negative news about the pandemic.
On Friday, the Dax closed above the last hard-fought mark of 13,300 points. Thanks to the tailwind from leading Wall Street, it was quoted 0.37 percent higher at 13,335.68 points, after having climbed to its highest level since early September. On a weekly basis, the Dax is up 1.51 percent.
Currently, however, the stock market lights are still on "green": "Optimism is spreading," wrote analyst Claudia Windt from Landesbank Heleba. Recently, the prospect of a regulated handover to the elected President Joe Biden and the introduction of the first cabinet members such as the former Federal Reserve chief Janet Yellen as the first female Treasury Secretary in US history spurred the imagination of stock marketers in the US and worldwide.
It doesn't work without confidence
At the same time, Windt also had to consider: "It takes a good deal of confidence to gain something positive from the current infection situation in Germany, the extension of the partial lockdown and the associated economic downturn in the current quarter."
Nevertheless, the latest news about promising vaccine candidates is a "game changer" for the stock market, according to the experts at DZ Bank. This increases the likelihood that the world will return to normal in the coming months. So far, stocks in particular have benefited from vaccine news, which had previously lost significantly.
In the new week, investors will initially focus on some economic data, said Robert Greil, chief strategist at the private bank Merck Finck. The expert particularly pointed to that ISM purchasing manager reports for November on Tuesday and Thursday as important sentiment indicators for the US economy. The new week ends on Friday with the much-noticed monthly Labor market report. But in China, too Thursday all important Purchasing manager indices published for the expiring month.
In this country, attention is focused on the Thursday evening. Then Deutsche Börse decides which companies will Secondary value index SDax have to leave and be taken up again.
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