FRANKFURT (dpa-AFX) - The DAX is expected to initially struggle with the chart barrier around the 25,000-point mark on Tuesday. Broker IG priced the German benchmark index at 24,995 points, down 0.1 percent, about two and a half hours before the regular Xetra opening. On Monday evening, the DAX, buoyed by continued strong US indices, had climbed as high as 25,016 points. The next interim high, set a week ago, sits just below 25,100 points.
After European markets closed, US indices lost some momentum. However, the tech-heavy Nasdaq 100 ultimately held above its reclaimed 100-day moving average—a key indicator of longer-term trends. The broad-based S&P 500 is poised to challenge its record high from late January.
Ahead of the US labor market report on Wednesday, investors may opt to wait and see for the time being./ag/zb
