Dax currently: Dax is increasing slightly – chip values are stabilizing

Dusseldorf. The Dax defends its gains from the past trading days and remains above the 25,000 point mark at the opening. At midday the leading index was trading at 25,388 points, an increase of around 0.4 percent. At the close of trading on Monday it was just under 25,300 points.

With the start of the accounting season, the stock market will face an important stress test in the next few weeks. The big banks in the USA traditionally kick things off: the heavyweights Goldman Sachs and JP Morgan report on the third quarter on Tuesday before the start of trading on Wall Street. Citigroup and Wells Fargo are also opening their books. The financial figures from Morgan Stanley and Bank of America will follow on Wednesday.

Frank Sohlleder, analyst at ActivTrades, believes that the Dax is facing a massive return of volatility. With the opening of the US bond market, there is a sudden threat of new pressure on yields, which could abruptly end the calm caused by yesterday's US holiday (“Columbus Day”).

In this country, investors are looking at BMW’s sales figures. The collapse of the Chinese market resulted in a decline in sales for the Munich car manufacturer BMW in the summer. According to Tuesday's information, the company sold a total of 551,072 cars and motorcycles in the third quarter, 6.3 percent less than in the previous year. The share value recorded a slight increase of 0.4 percent.