DAX's minor triumph kicks off the week
In an optimistic start to the trading week, the DAX experienced a slight surge on Tuesday, fueled by positive vibes from Wall Street and Asian stock markets. A pleasant addition to this upward push came from the decline in yields on US government bonds.
Initially, the DAX shot up by 0.19% to touch 15,933.06 points. Meanwhile, the MDax of medium-sized companies showed a mild dip of 0.14% to 26,356.71 points. The eurozone index, EuroStoxx 50, remained relatively unchanged.
The DAX's gentle climb persisted into Wednesday, with major European exchanges playing a part in shaping this trajectory. Contrastingly, the MDax displayed a contrasting performance, notching a slight decrease.
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The rebound in market sentiment and positive earnings surprises paved the way for the DAX's modest growth, along with robust earnings growth and upbeat growth forecasts in sectors such as Communication Services and Financials. Moreover, the solidification of expectations for a pause in the pace of monetary easing by the Fed and the performance of certain sectors within the DAX (like Banks and Personal & Household Goods) contributed significantly to the DAX reaching new record highs and maintaining its uptrend in late January 2025.
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