The DAX’s slide came after Japan’s Nikkei225 index jumped to a 33-year high amid a weakening yen.
As you can see in the figure below: in the last two days, the DAX index, which includes 40 leading German companies, fluctuated from the level of 16,000 points and reached an intraday historical high near 16,300 points, and then closed there. The expectation that the debates surrounding the US debt ceiling would be settled may have helped in this, although the news came just after the German market closed that the negotiations on raising the ceiling had stopped.
The French CAC30 index is also currently hovering near a historical peak.
As a result, the most important leading American stock index, the S&P500, fell from a slight plus to a small minus, and as we can see: its level of around 4,200 points is still far from the historical peak reached at the beginning of last year.
In the case of the Hungarian stock index, BUX, we are still far from being able to talk about a historical peak, since the index rose by only half a percent to around 46 thousand 500 points, despite the good performance of OTP today – also due to the promise to eliminate extra profit taxes. At the same time, we are a hair’s breadth away from talking about a new one-year peak for BUX.
Cover image source: Getty Images
Source: Portfolio.hu – Üzlet by www.portfolio.hu.
*The article has been translated based on the content of Portfolio.hu – Üzlet by www.portfolio.hu. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
