Risk-on mood pushes the DAX 1.2% higher

Published: May 27 2023, 00:45 GMT+0

Risk-on mood pushes the DAX 1.2% higher

A quick look at yesterday: DAX ascends 1.2% to close at 15,984 yesterday.

At the same time, 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. Data for France Jobseekers Total released yesterday at 10:00 UTC is better than expected with 2.80 million, but worse than previous figure of 2.79 million.

Other markets are also showing gains as Nasdaq went up by 2.19% yesterday, and closed at 12,976. S&P 500 climbs 1.3% yesterday and closed at 4,151.28.

Meanwhile, Hang Seng falls 1.93% yesterday and closed at 19,100.

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