Investors held back on the US stock exchanges. The domestic market was slightly higher in Tuesday trade. The German leading index was in the red after another record high. The majority of the markets in the Far East were profitable.
The Viennese trade was characterized by profits on Tuesday.
The ATX was already listed in the plus shortly after the start of trading and then also rose. At the end of the trading day, the leading index was still showing gains of 0.60 percent to 2,778.23 points.
Market observers mainly referred to the good US guidelines. The signature of US President Trump on another multi-billion dollar corona stimulus package had brought Wall Street new record highs the night before. The most important US stock market indices reached new highs.
As expected, the number of reports on domestic companies remained thin between the holidays. There was also no stronger stimulus from the economic side.
Investors in Germany held back on Tuesday.
The leading German index DAX started a little harder and then kept its plus signs. At times it reached a new record high at 13,903.11 points. In the afternoon, however, he changed the sign and was listed in the red, where he also ended trading 0.21 percent lower at 13,761.38 points.
On Monday, the DAX managed to jump over 13,800 points for the first time in its history, after major uncertainties had previously been cleared out of the way with the Brexit trade pact and the US Corona aid package. Tailwind for the stock market came from the Asian stock exchanges, some of which closed significantly in positive territory.
In Asia, too, it was seen as positive that the US House of Representatives had voted for an increase in Corona aid payments to citizens. However, it is questionable whether the move will also get the approval of the Senate, which is dominated by the Republicans. The Republicans there had repeatedly spoken out against a more generous stimulus package.
Nevertheless, investors’ willingness to buy shares remained high for the time being, said comdirect market expert Andreas Lipkow. Further investor money also poured into European and thus German stocks. “The stock market year 2020 can definitely be seen from this aspect,” the expert summed up.
After the record highs from the previous day, Wall Street trading was marked by slight bumps on Tuesday.
The Dow Jones started the day a little higher, but moved more easily over the course of the day. With 30,588.79 positions it has meanwhile marked a new record high. From the trade it was ultimately with a small minus of 0.22 percent to 30,335.67 units.
Also the NASDAQ Composite ultimately fell 0.38 percent to 12,850.22 positions. It had risen at the opening and soon after the start of trading, it cracked the record high of 12,973.33 points.
After new price records on Tuesday in early trading, the rally on the US stock exchanges lost momentum. Speculation about an even bigger corona stimulus package in the USA had initially fueled the record hunt once again.
On Tuesday things were mainly uphill in Asia.
The leading Japanese index Nikkei was ultimately able to gain 2.66 percent to 27,568.15 points, after having climbed to the highest level in around 30 years at 27,602.52 points.
In mainland China it went for the Shanghai Composite meanwhile a slight 0.54 percent to 3,379.04 points. The Hang Seng in Hong Kong, meanwhile, posted a premium of 0.96 percent to 26,568.49 units.
After the latest records on Wall Street and elsewhere, the Japanese Nikkei 225 index climbed to its highest level in around 30 years on Tuesday. On the Chinese stock exchanges, on the other hand, the price development was inconsistent: while the trading venues on the mainland fell, things were clearly up in Hong Kong.
At the beginning of the week, investors around the world celebrated the decision of US President Donald Trump to give up his opposition to a corona stimulus package of around USD 900 billion passed by Congress with a bipartisan majority: All the major stock indices on Wall Street and also the German DAX reached record levels.
Finanzen.at / APA / Dow Jones Newswires / dpa-AFX
TRADE FOREIGN EXCHANGE WITH UP TO LEVER 30 NOW
Trade forex with high leverage and small spreads. With only € 100.00 you can benefit from the effect of € 3,000 in capital.
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.
Image source: wienerborse.at, Ionana Davies / Shutterstock.com, Bule Sky Studio / Shutterstock.com