FRANKFURT (dpa-AFX) – After experiencing ups and downs during the first two days of the week, the Dax should not move much this Wednesday. Two hours before the start of the Xetra, broker IG estimated that the German benchmark index was down 0.1% at 19,280 points. It should therefore not follow the solid American stock markets, on which, according to market observer Thomas Altmann of QC Partners, “the Christmas rally is in full swing”.
Altmann currently sees a “Trump divergence” on the stock markets due to the US president-elect’s plans for tariffs. The day before, the announcement of taxes on imports from Mexico, Canada and China had also worried investors in this country. UBS believes, however, that there is room for negotiation, particularly due to the free trade agreement currently in force with countries neighboring the United States. “Customs threats may have caused short-term volatility in the market, but the fundamental context remains favorable,” the bank wrote in the morning.
In US bond markets, investors should start positioning themselves for a long weekend on Wednesday. On Thursday, stock trading will be suspended on Wall Street due to Thanksgiving and on Friday, trading will be reduced due to the Black Friday bargain day./tih/stk
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