The Dax has continued to this Wednesday his recovery and moves further in the direction of the 11,000-point mark. The extension of the trade talks between the United States and China, provided a boost, it was on the market. Both sides had to actually want to negotiate only two days, but then decided to use the talks to expand. The German benchmark index Dax rose by a good one percent to 10.940 points.
“Apparently, the negotiators come closer,” said a trader, a limited but at the same time, that is not currently with a “big breakthrough” is expected. On Tuesday had already tweeted US President Donald Trump, that the negotiations “went very well”. In addition, movement in the trade dispute between the United States and the European Union (EU), after high-ranking representatives of both sides in Washington came to a joint agreement to explore.
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Against this Background, rose on the stock markets in particular, the share prices of companies with extensive business in China. For this purpose, luxury goods manufacturers such as Burberry, Kering, LVMH and Moncler. Its shares gained up to four percent. Also in the price of Oil, the increasing optimism of investors is reflected: The Brent crude from the North sea rose by 0.9 percent to 59,27 Dollar per Barrel (159 litres).
More: of a Crash in sight (stock market Outlook 2019)