Dax benefits from economic data from China

PEconomic data from China, which was picked up positively, supported the Dax on Tuesday. The leading German index closed 1.25 percent higher at 10,696.56 points, building on its recent recovery after the Easter holidays.

However, technical disruptions at Deutsche Börse triggered an hour-long interruption in Xetra trading. It was only in the early afternoon that the exchange operator managed to solve the problems.

China’s foreign trade hit harder than feared

From the crash low in mid-March, the Dax has now worked its way up almost 30 percent. The M-Dax of medium-sized stocks gained 1.24 percent on Tuesday to 22,374.20 points.

China’s foreign trade had been hit much weaker than feared by the Corona crisis in March. “If China came with a comparatively small economic loss from the pandemic, that would be positive for the global economy,” commented expert Thomas Altmann from the asset manager QC Partners.

Flattening contagion curves with the corona virus in Italy or Spain also give hope. There is now increasing debate about easing the measures to contain the virus in order to mitigate the economic consequences.


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