FRANKFURT (DEUTSCHE-BOERSE AG) – New all-time highs for the DAX, Dow Jones and even gold are not boosting business. At the beginning of the traditionally difficult stock market month of September, a wait-and-see approach is the order of the day.
September 3, 2024 FRANKFURT (Borse Frankfurt). At the beginning of August, the summer break was canceled due to the severe market turbulence, and it is here at the beginning of September. “It’s very quiet,” explains Ivo Orlemann, who trades ETFs for ICF Bank. Andreas Schroer from Lang & Schwarz also reports low turnover. The DAX reached a new all-time high of just under 18,991 points on Friday and 18,850 points on Tuesday lunchtime. The Stoxx Europe and the Dow Jones also set new records.
At ICF Bank, most of the focus is on large equity indices, as Orlemann notes, such as the Deka DAX (DE000ETFL011), the Deka MSCI World (DE000ETFL508) and the Deka Euro Stoxx ex Financials Dividend+…
