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2mo ago

DAX Sets New High Then Pauses at Week’s End

Investors focus on tech momentum with official U.S. data curtailed by the shutdown.

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Der Deutsche Aktienindex (Dax) hat ein neues Allzeithoch erreicht. Zum Handelsauftakt am Donnerstagmorgen in Frankfurt am Main kletterte der Leitindex auf 24.678,45 Punkte und legte damit um 0,28 Prozent zu.

Overview

  • The DAX set an intraday record at 24,771 points on Thursday before a quieter open on Friday left the index holding near recent highs.
  • Gold retreated to roughly $3,963 per ounce after breaking above $4,000 earlier in the week and touching a record near $4,059.
  • Oil prices eased as risk premia subsided, with traders still weighing Opec+’s planned 137,000 bpd production increase starting in November.
  • Prosthetics maker Ottobock debuted in Frankfurt, opening at €72 versus a €66 offer price in the first Prime Standard IPO of the year.
  • Company-specific moves continued, as PSI Software confirmed advanced takeover talks with private-equity bidders and U.S. regulators opened new investigations into Tesla’s Autopilot/Full Self Driving software.