psaTrading
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In recent weeks, the DAX has overperformed compared to its European peers. The main reason for this behavior is related to the weak expression that mining and oil companies have in the German index. The overperformance has been based on the good performance of more cyclical stocks such as chemical, automotive and industrial companies. Favoring these sectors is the fact that the Chinese slowdown have already been incorporated in the outlook of investors and the weakness of the Euro. However, in the short term, falling European currency begins to reach extreme levels, so it is not to exclude the possibility of a more technical recovery. If such a scenario materializes, the overperformance of the DAX may be interrupted.