After the subdued start to the week, the German stock market opened well on Tuesday.
At the beginning of trading, the Dax rose to a record high of up to 15,538.0098 points and was most recently listed 0.6 percent higher at 15,585 points.
The FAZ index, which shows the German stock market in its breadth with 100 values, increased 0.7 percent to 2,675 points and is still more than 1 percent below its record level of 2,713.98 points from mid-April.
The Dax price index, which is comparable to international indices in contrast to the Dax, also climbed 0.6 percent to 1,386.4 points and thus has not yet reached its record high of 1389.96 points from mid-April.
“Interest and inflation remain the topic of the hour on the stock market.
Currently, however, the higher interest rates have lost some of their horror, ”wrote portfolio manager Thomas Altmann from asset manager QC Partners.
Investors are currently already interpreting it positively if interest rates do not rise any further.
The German stock market is probably once again following the futures contracts on the American stock market, which also suggest a well-asserted opening. It remains to be seen whether the plus will hold up. The day before, the Dax had initially risen to 15,481 points, but then narrowly claimed it closed below 15,400 points.
This week, the flash estimates of the Markit purchasing manager indices for the USA, some euro countries and the euro zone as a whole will attract particular attention, says Carsten Mumm, chief economist at the private bank Donner & Reuschel.
The hopes in Europe are mainly on industries particularly affected by the restrictions of the corona lockdowns.
The prospect of a broad and very clear recovery movement is within reach by the third quarter at the latest.
In the short term, however, the pandemic remains the greatest economic risk.
Most popular among the DAX stocks are Siemens Energy, which initially rose significantly on Monday, but ended up being one of the biggest losers in the index in the red.
According to an unqualified certificate from the auditor KPMG for the 2020 annual financial statements for the leasing company Grenke, the price has risen by more than 15 percent. This is the highest level since the price crashed in early February.