Ready to trade?

It's quick and easy to get started – even with a small deposit. Apply in minutes with our simple application process.

Chart of the day: Is the DAX ready for another record high?

The DAX (GER30) is trading at all-time-high levels and an impressive industrial production print tonight could be enough to make another record high.

GER30 daily chart

Stocks around the world surged yesterday as coronavirus fears faded and China announced the suspension of half its tariffs on US imports. The GER30 advanced for the fourth day in a row despite a poor factory orders print for December (-2.1% vs 0.6% expected).

German December industrial production is expected to print a 0.2% decrease tonight (18:30 AEDT) after a 1.1% increase for November. An upwards surprise here could be the steam German stocks need to post another record high.

Asian equities traded slightly lower today, in part due to a reminder the coronavirus continues to spread, with a cruise ship off Japan reporting more than 40 confirmed cases. Following trend, the GER30 has slid 40 points in the after-hours market, could the weakness offer the bulls an entry point to have another run at new highs?

Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information provided here, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.

24/5 Support