Risk-on mood pushes the DAX 1.2% higher

Published: May 27 2023, 02:31 GMT+0

Risk-on mood pushes the DAX 1.2% higher

Yesterday at a glance: DAX rises 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. 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.

Other markets are also showing gains as Nasdaq rises 2.19% yesterday and closed at 12,700. S&P 500 went up by 1.3% yesterday, and closed at 4,205.45.

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

The index has been trending positively for about 2 months. After hitting an important low of 15.42 approximately 8 months ago, the DAX has bounced back 102,324% since.