Banda, on Thursday we got the official report, there was a post here as well, that Germany has entered a recession.
Yesterday we had a harvest and the market was completely green except for small fluctuations 🚀 and so was the German GER40 index. ( +0.94%) At the moment the index is around its highs. How do you explain the recession to the stock market, shouldn't it be falling?
Have a nice long trading weekend, remember Monday the US is closed.
So I guess this announcement doesn't necessarily mean -10% right away :) I think it's more of a "long term" outlook for this year...
The DAX dropped 3% after that report, if I'm not mistaken. Anyway, they say it should now stagnate. There has been no significant drop because the economic situation in Germany is supposedly already factored into the prices.
I don't really understand the DAX movements myself, to be honest. But I am probably not alone. 😁
Nemecko🤷♂️, but the US is closer to a debt ceiling deal.