Risk-on mood pushes the DAX 1.2% higher

Published: May 27 2023, 00:21 GMT+0

Risk-on mood pushes the DAX 1.2% higher

Yesterday at a glance: DAX rose 183.97 points to close at 15,984 yesterday which makes for a move of 1.2%.

Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. France Jobseekers Total released yesterday at 10:00 UTC is better than expected at 2.80 million but down from preceding data of 2.79 million according to new data.

The DAX shows positive signs, other assets are also on par: Nasdaq added 2.19% and closed around 12,700 yesterday. S&P 500 climbs 1.3% yesterday and closed at 4,151.28.

At the same time, Hang Seng lost 1.93% yesterday and closed at 19,100.

The index has been trending positively for about 2 months. 8 months ago, the DAX fell to a low of 15.42 but has since recovered 102,324%.