FRANKFURT (dpa-AFX) – The series of positive trading days for the DAX continued on Wednesday. Support also came from overseas markets. Stock markets in the US had gained ground, and Asian exchanges were also mostly up. In Germany, numerous companies are set to provide impetus with their quarterly reports.
The SPD membership vote on the coalition agreement is also eagerly awaited. “The formation of the coalition is already priced in. Therefore, a negative vote could send significant shock waves through the markets,” explained portfolio manager Thomas Altmann of QC Partners in Frankfurt.
After six trading days in positive territory, the German benchmark index rose by 0.5 percent to 22,533 points shortly after the start of trading. The record high of 23,476 points set in March is getting closer. However, the road to the top is likely to be rocky, as technically speaking, the next resistance level is already lurking at…
