Actions – Dax clearly in the plus – economy

Of Dax kicked off in November on Monday. The main German index rose at times by more than one percent and ended up rising 0.8 percent to 15,806 points. The record of 16,030 points is approaching again. The generally expected tightening of monetary policy by major central banks is no longer a burden on stock markets, said analyst Jochen Stanzl of online broker CMC Markets. “Right now, investors only have eyes for quarterly numbers which are overall above average.”

Speculation on rising interest rates boosted European financials. The industry index rose nearly two percent to a two-and-a-half-year high. The majority of investors expect an interest rate hike from the Bank of England (BoE) on Thursday. At the European Central Bank (ECB), they expect two such measures in the coming year. If interest rates rise, banks can expect higher profits from traditional lending. Deutsche Bank shares rose 1.4% in Dax, Commerzbank shares in M-Dax improved 0.8%.

Favorites on the German stock market also included Thyssenkrupp and Salzgitter with price gains of 2.4 and 1.6%, respectively. Rivals Arcelor-Mittal, Outokumpu and Acerinox each rose around 2%. According to stock brokers, steel producers benefited from the deal between the EU and the United States in the dispute over steel and aluminum imports. The compromise was expected, but will still have a positive effect on European steel prices, said analyst Alan Spence of investment bank Jefferies. Hapag-Lloyd shares jumped 6.4% after an expected increase. The values ​​of the shipping companies presented themselves strongly overall. The papers of Danish competitor Maersk were also in demand, as were the titles of the Hamburg-based port logistics company HHLA. According to Deutsche Bank analyst Andy Chu, average freight rates could increase significantly again in the coming year. In New York, the Dow Jones rose 0.3% at market close. Here, Tesla securities rose 8.5% to a record high of $ 1,208.59.

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