Market report: With new impetus into the new week – DAX starts with strong profits message

The DAX started the new week with a gain of 1.93 percent at 12,774.77 points. This brings the stock barometer closer to its previous high after the corona crash of 12,913 points from the beginning of June.

The increasingly positive media reports on progress with a vaccine against the coronavirus, recently revived economic data and last but not least that Monetary policy provided the backstroke, said analyst Stephen Innes of the AxiCorp trading company. The sheer scale and pace of government and currency stimulus measures following the corona shock have put the hurdle high, so negative news could spoil investors’ moods.

As a result, the number of new infections detected is increasing worldwide. There have been many new hot spots recently, particularly in the USA. However, investors on the stock exchanges had long underestimated the risks of the virus spread until the markets collapsed in February.

It is worth taking a look at Commerzbank shares among the individual values. The sudden vacuum at the top of the group presents the financial institution with additional problems in the middle of the struggle for a convincing strategy. Two top positions must be filled after both CEO Martin Zielke and Chairman of the Supervisory Board Stefan Schmittmann announce their resignation

Editorial office Forex-news.com.net with material from dpa-AFX

Image sources: Pavel Ignatov / Shutterstock.com