DAX-FLASH: Leading index remains waiting for a record – Fed signals in the evening
Bull in front of the entrance to the Frankfurt Stock Exchange. © Nikada / iStock Unreleased / Getty Images Plus / Getty Images
FRANKFURT (dpa-AFX) – The Dax
“The German benchmark index is already in the year-end rally at the beginning of November,” stated technical analyst and capital market expert Martin Utschneider from Donner & Reuschel. Seasonally everything speaks for further rising prices: “From a statistical point of view, the six best stock market months are now beginning,” said Utschneider.
The signals from the US Federal Reserve are eagerly awaited on the evening after the two-day Fed meeting. It is expected with no less than the beginning of the end of the billion dollar bond purchases – the so-called tapering. “Since the Fed already outlined the tapering process at its September meeting, there shouldn’t be any big surprises here,” said the foreign exchange experts at Commerzbank (Commerzbank share). “The decisive factor for the market is therefore what signals the Fed delivers with regard to an initial rate hike.” Whether it will be a little clearer than the ECB is open./ag/stk
Subscribe for more news on Halo Collective stock for free
ARIVA.DE publishes analyzes, columns and news from various sources in this section. ARIVA.DE AG is not responsible for content that is recognizably posted by third parties in the “News” area of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.
Other users were also interested in this article: