Indices in this article
FRANKFURT (dpa-AFX) – After the quiet day before, the Dax could again set a record before the extended Easter weekend. On Green Thursday, two hours before the start of Xetra, the broker IG valued the leading German index a little higher at 15,030 points and thus just above the record reached on Monday. The day before, the Dax remained just below it for the entire trading day.
In the first quarter, the Dax posted a profit of a good nine percent and thus slightly more than the Dow Jones Industrial (Dow Jones 30 Industrial) with almost eight percent. Like the Dax, the Dow did not reach a new record high the day before – unlike the S&P 500, which benefited from recovering technology stocks.
The tech values particularly benefited from the billion dollar infrastructure program of US President Joe Biden, about which he gave details the previous evening. Biden’s plan includes the modernization of more than 30,000 kilometers of roads, 10,000 bridges, several airports and investments in local public transport and electric mobility. Yields on the bond market picked up again, which are viewed with concern by equity investors./ag/jha/