Risk-on mood pushes the DAX 1.2% higher

Published: May 27 2023, 04:00 GMT+0

Risk-on mood pushes the DAX 1.2% higher

A quick look at yesterday: 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. Data from France concerning Jobseekers Total was released yesterday at 10:00 UTC. Newly published figures emphasized continued decline from last month's figure of 2.79 million to 2.80 million this month.

Other markets are also showing gains as Nasdaq went up by 2.19% yesterday, and closed at 12,976. S&P 500 went up by 1.3% yesterday, and closed at 4,205.45.

Meanwhile, Hang Seng is down to 18,747, losing 353.08 points, after ending the previous session around 19,100.

The index has been trending positively for about 2 months. The DAX is now trading 102,324% above the significant low (15.42) it slumped to 8 months ago.