According to strategists, the Dax still has room for improvement

Investors' hunt for records on the stock market is likely to continue in the new stock market week. According to strategists, the German leading index Dax still has room for improvement even after jumping over the 15,400 point mark. "The mood on the stock exchanges remains great," says portfolio manager Thomas Altmann from asset manager QC Partners. All-time highs on Wall Street and positive surprises on corporate balance sheets put investors in a buying mood. In addition, the European Central Bank (ECB) is likely to hold out the prospect of a sustained flood of cheap central bank money. In addition to the convincing profit season in this country, in the opinion of Commerzbank strategist Andreas Hürkamp, ​​the steady inflow of funds into equity funds also speak for a continuation of the Dax rally through to summer. Strong economic data from the USA and China and falling yields on the bond markets also played into the hands of the stock market optimists. On Friday, the leading index marked a new all-time high of 15,431 points, and on a weekly basis it gained around one percent. "The environment seems to have been made for stocks: the economic sentiment has reached peak levels, monetary policy remains ultra-relaxed," summarizes Helaba strategist Markus Reinwand. After months of catching up on the stock exchanges, stocks are now expensive. "Big jumps in the course are therefore no longer to be expected." Rather, the risk of course setbacks has increased significantly. The increasing global economic dynamism is seen as the engine for further price gains. The experts are primarily relying on positive impulses from the US economy. The planned infrastructure investments of a good two trillion US dollars in the coming years should support a sustainable industrial recovery in the world's largest economy. At the same time, investors do not need to fear rising US interest rates. Because the American central bank always emphasizes that the upcoming price increases are not sustainable. Also from the European Central Bank, the stock exchanges are currently not threatened by rising interest rates.