Dax bliver billigere i takt med stigende indtjeningsestimater

Dax ligger tæt på 24.200 point, stort set uændret siden årets begyndelse. Stigende indtjeningsestimater har sænket indeksets værdiansættelse. Investorer overvejer nu, om det gør det til et attraktivt indgangspunkt.

Det tyske benchmarkindeks har svinget, men ligger fortsat nær januar-niveauerne på omkring 24.200 point. Det viser en stigning på mere end 50 procent over tre år. Tre aktier er endda steget mere end tre gange i værdi.

Trods stigningen handles tre Dax-virksomheder mere end 60 procent under deres ti-årige gennemsnit. Samtidig ligger tre andre mere end 40 procent over disse gennemsnit.

En af de tilsyneladende dyre aktier har tabt næsten 25 procent over fem år, men fremstår stadig overvurderet.

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Seoul's Kospi index briefly tops 6,700 points on trading floor screens amid excitement ahead of US big tech earnings.
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Kospi briefly tops 6,700 ahead of US big tech earnings

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Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.

Germany's DAX index hit 24,260 points intraday on Thursday, its highest level in six weeks, closing at 24,154 points up 0.4 percent. Investors are optimistic amid hopes for an end to Middle East hostilities between Iran and the US. The S&P 500, Nikkei, and MSCI World also reached records.

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The DAX gained 0.5 percent on Monday, closing at 23,564 points, despite concerns over a possible escalation in the Iran war. US President Trump demanded support from NATO partners. The German government rejects deploying warships.

European stocks closed the week lower on Friday, with the STOXX 600 index hitting a two-week low. Investors cited concerns over growth and inflation from the ongoing Middle East conflict disrupting energy supplies. While technology shares gained, healthcare and financial sectors declined.

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Among 68 high-priced stocks trading above Rs 5,000 on the BSE, FY26 has brought more declines than gains amid global uncertainty and geopolitical tensions. The top six laggards fell 25-40%, while top gainers surged 40-130%. Institutional holdings vary across these stocks.

Deutsche Bank reported a first-quarter net profit of 1.9 billion euros, up about eight percent from the previous year and beating analyst expectations. CEO Christian Sewing praised the results as a strong start to the new strategy phase. Shares dropped more than two percent anyway.

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