The pan-European Stoxx 600 edged up 0.2% in early trade, with media stocks adding 0.5% to lead gains while autos dropped 0.7%.
Stocks worldwide began a tentative rebound Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible academic, though markets will remain attuned to news out of China.
The main focus for investors still appears to be on the underlying economic data, and today’s data out of South Korea was encouraging from an economic activity point of view, helping support the case for improving economic sentiment as we head into 2020. While the virus appears contained investors still appear to be in “buy the dip” mode and as such today’s rebound in Asia markets looks set to translate into a positive open here in Europe as well as a new record high for the German DAX when it opens.
The German Stock Index is a total return index of 30 selected German blue-chip stocks traded on the Frankfurt Stock Exchange. The equities use free float shares in the index calculation. The DAX has a base value of 1,000 as of December 31, 1987. As of June 18, 1999, only XETRA equity prices are used to calculate all DAX indices.
Dax 30 Long (Buy)
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