FRANKFURT (dpa-AFX) - After surging past the 25,000-point mark the previous day, the DAX is expected to give back a few points on Thursday. Two hours before the opening, broker IG valued Germany's leading index 0.4 percent lower at 25,028 points. This means it would still be holding above the key thousand-point threshold. On Wednesday, the DAX closed at a record high of 25,122 points.
Once again, German stock trading is taking cues from the New York stock exchanges, which came under pressure the previous evening after the initial record highs of the Dow Jones Industrial and S&P 500 indices. According to Commerzbank, investors are digesting statements from US President Trump, shifting geopolitical risks, and the latest US labor market data.
Trump unsettled investors with remarks regarding real estate purchases and the defense industry. On one hand, he announced that major financial investors will no longer be allowed to buy single-family homes in the future. Additionally, due to what he sees as sluggish rearmament, Trump intends to temporarily ban the country's defense and armaments companies from paying dividends and conducting share buybacks./tih/zb
