29.05.2020 DAX 30 Daily Analysis

29.05.2020 DAX 30 Daily Analysis

The Dax 30 has managed to close the past eight sessions out of nine sessions on positive notes. On Thursday the index closed 147 points higher(+1.28%). This was after a rough day led by a sell-off in technology stocks. The Index closed at 11,652.40 points which is the highest quoted since March 6. The Stock market has been on a rally this week but the rally seems to be coming to a halt after the relationship between the United States and China soured and the two largest economies seem to head to a "cold war" of sorts. President Donald Trump said that Washington would announce its reaction to China's planned national security laws regarding Hong Kong before the end of the week. The aid package by the European Commission and easing of lockdowns is what has been pushing Europe's largest stock market up and helping the Dax make the gains.