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Weekly losses offset: DAX rises into the weekend | message

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, Weekly losses offset: DAX rises into the weekend | message, Forex-News, Forex-News

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, Weekly losses offset: DAX rises into the weekend | message, Forex-News, Forex-News

On Friday we saw a complete compensation for the weekly losses. The DAX shows strength again on Friday evening: Your LS-X market report at the end of the stock exchange week.

A strong trading day right from the start

The German benchmark index hit the 15,300 mark when XETRA opened, thus continuing the upward trend from Thursday. Correspondingly, the correction turned out to be subdued, picking up the direction it had taken immediately after the first hour of trading and bringing the index to the opening level at midday.

A few stocks were the topic of discussion with the dealer, as can be seen here:

First of all, Disney’s quarterly figures. They disappointed investors, especially in streaming. AirBnB’s numbers were also weak. However, the company outlines a strong summer if lockdown ends anywhere and the travel boom could begin. The third company in discussion was Fraport. Recent passenger numbers attest at least a small growth. The transportation sector was very strong.

Nevertheless, the DAX waited for the figures on import prices and capacity utilization in the USA before moving more clearly on the upside.

Inflation was no longer an issue, as the US Federal Reserve emphasized that the inflation triggered by the boom in the economy was only temporary. As a result, Wall Street continued to pick up, and in this wake the DAX as well. By the end of trading, the 15,400 could be conquered and thus the second GAP of the week on the upside was closed.

More than 200 points surcharge framed Friday, which compensated for the weekly minus. The following parameters have been recorded:

Opening15,301.74
Day high15,417.24
Day low15,214.68
Previous day course15,199.68
Closing price15,416.64

The trend of the day can be clearly seen in the intraday chart image:

, Weekly losses offset: DAX rises into the weekend | message, Forex-News, Forex-News

Which stocks were in the focus of investors on this turbulent DAX trading day?

Stock movements in the DAX

As the winner in the DAX, Siemens Energy was on the top spot today. Stocks have suffered for the past few days and enjoyed the countermovement today. This also pulled the mother Siemens along a little.

Also attracted Adidas, which according to a media report should have received a bid of one billion dollars for its daughter Reebok. The brand known as “Problem Daughter” is for sale.

There was also good data from the auto industry. The Volkswagen Group reported an increase in deliveries in April of a good 75 percent to 829,800 vehicles. The pre-Corona level in 2019 has not yet been fully reached, but the direction seems to be in the right direction.

Delivery Hero gave up again and Covestro was the loser of the day.

All tops and flops from the DAX are listed here:

, Weekly losses offset: DAX rises into the weekend | message, Forex-News, Forex-News

How did this trading day affect the medium-term chart image?

Medium-term DAX chart image

With this jump, the DAX has once again gone through the range and is now targeting the record high again. There are less than 100 points missing up to this level, as you can clearly see in the daily chart:

, Weekly losses offset: DAX rises into the weekend | message, Forex-News, Forex-News

The further signs of recovery on Wall Street could thus form the basis for a continuation of the movement in the coming week. Investors are particularly pleased with the recovery in technology stocks, which we will take a closer look at on Saturday in the format of the LS-Exchange.

You can follow this on the youtube channel of the LS-Exchange.

The team at LS-Exchange and TRADERS’media GmbH wishes you a pleasant evening.

Risk notice: The analyzes, charts and tables are based on information which TRADERS media GmbH has developed and which we consider trustworthy. Although TRADERS media GmbH considers all information and sources to be reliable, no liability can be assumed for the correctness, completeness and topicality of the information contained. In particular, any liability is excluded for errors and inadvertently incorrect reproduction, in particular with regard to prices and other figures. TRADERS media GmbH assumes no obligation to correct any inaccurate, incomplete or outdated information. This document is for information only. In no case does it contain offers, requests or recommendations to buy or sell securities or other financial instruments. The information contained in this document does not constitute a “financial analysis” within the meaning of the Securities Trading Act and does not meet the legal requirements for guaranteeing the impartiality of financial analysis and is not subject to any prohibition of trading prior to the publication of financial analyzes. In particular, they may differ from the analyzes of financial instruments and their issuers (research) published by TRADERS media GmbH. Before making any investment decision, you should consult your investment advisor. Foreign legal systems may prevent or restrict the distribution of this document. The copyright for all contributions lies with TRADERS media GmbH. All rights reserved. Reproduction only with special permission from the company.

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, Weekly losses offset: DAX rises into the weekend | message, Forex-News, Forex-News

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