Thanks to positive impulses from the United States, the German stock market stayed on a record course on Tuesday.
The fact that the cyclically sensitive technology stocks on the Nasdaq stock exchange continued their recent rise made for a good mood.
The M-Dax of medium-sized German stocks had peaked in early trading on Tuesday and recently rose 0.4 percent to 34,325 points.
The local leading index Dax rose by 0.6 percent to 15,775 points and thus remained only slightly below the record reached on Monday.
The Euro Stoxx 50 gained 0.6 percent.
The stock markets have been on an upward trend for months.
The courses are being driven in particular by the very loose monetary policy of the central banks and the billions in Corona aid packages from the governments.
Looking at the Dax, the analysts at Landesbank Helaba wrote: “Basically, the rule is 'The trend is your friend!' Pay special attention, which underlines the new record high of the leading index. ”However, it should still be analyzed critically again and again whether the framework conditions justify new engagements at the achieved level and, in particular, whether sufficiently sustainable opportunity / risk profiles can be defined. There are reasons that negatively influence such a situation, such as inflation, which reached its highest level in ten years.
According to a newspaper report, the European Union (EU) and the USA want to settle their years of trade dispute over aircraft subsidies and lift the threatened tariffs in the billions for their economies.
In the M-Dax, the shares of Airbus were therefore among the favorites with a plus of a good one percent.
At the top of the Dax, the shares of the engine manufacturer MTU gained just under three percent in the wake of the latter.
In the small cap index S-Dax, a comment by the American bank JPMorgan helped the Adler Group's paper to gain almost three percent.
The shares are a good choice to profit from the tight residential real estate market in Germany, wrote the expert Tim Leckie.
In addition, valuation gains beckoned here because of the cash flows in real estate.
The expert also referred to the ongoing industry consolidation.
Fed interest rate meeting begins
The euro gained a little on Tuesday morning.
The euro received support from the positive stock market sentiment.
The US dollar was therefore somewhat less in demand as a reserve currency.
One euro last cost $ 1.2140, a little more than in the morning.
The European Central Bank (ECB) set the reference rate on Monday afternoon at $ 1.2112.
On Tuesday there is some economic data of interest in both Europe and the US.
In the eurozone, inflation data are the main focus.
Data that have already been published from Germany and France have confirmed the picture of increasing inflation.
However, this does not initially have any monetary policy consequences, as the ECB has already made clear.
A colorful bouquet of figures is being published in the United States, including data from retail and industrial production. Market participants should also look at the American data with a view to the Fed's interest rate meeting that begins this Tuesday. The results of the deliberations are expected on Wednesday. The most exciting question will be whether the Fed is already thinking about reducing its multi-billion dollar asset purchases.