21.04.2020 DAX 30 Daily Analysis

21.04.2020 DAX 30 Daily Analysis

The Dax made a few gains on Monday  closing at €10,675.90 (0.47%) but was quick to erase the gains by opening time on Tuesday morning. On Monday the gains were mostly brought in by Food & Beverages, Media and Pharmaceuticals & Health sectors. The best performers for the index were Fresenius Medical Care which rose almost 4.05%, and Muench Rueckvers and Merck KGaA stocks that each rose averagely 2.7%. The worst performer was E.ON SE NA which fell 3.04%. After initially falling massively back in March the Dax Index has been on an upward trend since March 19, when it was trading at €7950 and reached a high of €10775 last week. Hopefully, the Index and generally the European stock market will improve because there is talk of additional funds being released to help the affected economy. Spain's Prime Minister Pedro Sanchez plans to make a formal proposal to his EU colleagues on Thursday during a summit that the European Union should create a 1.5 trillion Euro fund to aid recovery. The European Union's Economic Commissioner Paolo Gentiloni said that this amount could be what is needed to tackle the coronavirus crisis