FRANKFURT (dpa-AFX) - With price gains from overseas behind it, the Dax is likely to rise on Rose Monday. Broker IG estimated the leading German index 0.4 percent higher at 22,643 points around two and a half hours before the start of trading. This would continue its stabilization since Friday afternoon. The most recent record high of 22,935 points would come back into sight.
The indices on Wall Street had already recovered strongly on Friday evening. The Dow Jones Industrial held its 100-day line on the chart - albeit with difficulty following the scandal between Donald Trump and Volodymyr Selensky. The S&P 500 made it back above it. The stock markets in Asia picked up on this positive trend in the morning.
According to reports, China wants to provide support stimuli to underpin its growth target despite the US tariff hike. The US has also been threatened with countermeasures. Meanwhile, according to market expert Stephen Innes from SPI Asset Managers, from an investor's perspective it is only a matter of time before the US Federal Reserve cuts interest rates.
The reason is the weakening US economy. All the more reason to focus on the US labor market report on Friday./ag/zb
