Over 40 years’ heritage
185,800 clients worldwide
Over 15,000 markets

DAX flat after record high

The German equity market is broadly unchanged after reaching yet another all-time high yesterday.

The DAX is dancing around the important 9300 level, little changed from yesterday’s close, and there seems to be to be no end to this bull run. Global equities benefitted from the deal struck between western countries and Iran. This agreement will lift some of the trade sanctions imposed on Iran, in exchange for the Iranian government agreeing to reduce its nuclear programme.

Today is a quiet day in terms of economic data and corporate reporting, but comments from Benoit Coeure of the European Central Bank suggested that negative interest rates could be a possibility. Mr Coeure stated that the central bank would be prepared to act against any disinflation, should it occur.

Interest rates in the eurozone are at 0.25%, as of the start of the month. Some investors view the rate cut as a sign that the region is still struggling, while other dealers recognise the relative strength of the of the Germany economy.

Germany 30 chart

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.

Find articles by analysts