DAX 30 Bounces Off All-Time High, EUR/USD Increases Bearish Momentum
Key Talking Points:
DAX 30 marks new all-time high above 14,000
Global stock markets had a positive run last week as a Democratic blue wave increased hopes that the Biden administration will introduce extra stimulus. And no time has the president-elect wasted on delivering what was expected from him, promising immediate payments of $2,000 to each American once he takes office on January 20th. Advertisement
In Europe, positive momentum was also supported by the approval of the Moderna vaccine, with Astrazeneca’s joint vaccine with Oxford University pending approval this week. But equities are slightly softer this morning in Europe as many indices have reached a tipping point and are struggling to see further upside amid current conditions.