Markets Erupt on Positive News

Markets Erupt on Positive News

Markets rallied as Trump hinted at lower tariffs and softened on Powell. Meanwhile, bitcoin jumped back above $93K, miners soared, and traders spot bullish divergences amid economic uncertainty.

The DAX made strong gains on Wednesday. At the close of Xetra trading, the index was calculated at 21,962 points, an increase of 3.1 percent compared to the previous day's close. After an extremely positive start to the day, the DAX temporarily extended its gains in the late morning before briefly exceeding the 22,000 point mark in the afternoon. Two brief headlines were enough to put investors back in a buying mood today, explained Jochen Stanz…

CMC Markets: DAX ignites small price rally – Trump calms China and Powell - Wealth DFM

U.S. President Trump once again manages to dominate media coverage with soothing words directed at China and the Federal Reserve, effectively overshadowing negative news such as the International Monetary Fund’s downgrade of global growth forecasts.  This has led Frankfurt investors to anticipate a potential turnaround in American trade policy, sparking a small rally in the DAX. If the index reaches at least 22,200 points by the end of the month…