FRANKFURT (DEUTSCHE-BOERSE AG) – Ever weaker economic prospects and ever higher share prices. This is the environment in which the international stock markets are currently operating. Starting today, the DAX will have to defend its new record highs in a week characterized by a lot of news.
September 30, 2023: “The festive mood on the financial markets continues despite the economic gloom in Germany”: this is Helaba’s conclusion for the past week. Although the leading economic institutes have downgraded their economic forecasts for 2024/2025, the DAX climbed to a new all-time high of 19,492 points on Friday. As the major US indices (with the exception of the Dow Jones, which rose to a new record high) weakened somewhat towards the end of the week, the index gave back some of its gains over the course of the day. The closing price of 19,473 points nevertheless gave the index a weekly gain of 4.0%. This means that September,…
