DAX : Driven by the wind of commercial hopes
German values respond positively to hopes of a lull in the trade war. Indeed, some sectors had suffered terribly from the resurgence of protectionism.
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In the last month of October, the Frankfurt index rose by 3.8%, led by the automotive sector. Daimler (+16%) and Volkswagen (+12%) were the subject of intensive purchases by investors. For its part, the SAP group is also taking advantage of the climate to grant itself 10% of this same reference period.
A against trend, Wirecard is down 21%, the title is once again torpedoed by the Financial Times which accuses the German company of accounting fraud.
Graphically, on a daily basis, prices have increased significantly since the break of 12,630 points. This dynamic increase is expected to continue until the 13,170 point line, a resistance zone that corresponds to the highest level in May 2018.
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