Dax starts the trading week in a friendly way – but the downward trend remains intact

Dusseldorf A small counter-movement can be seen on the German stock market, but this does not change the general downward trend. The Dax climbed 0.4 percent on Monday afternoon and traded at 15,378 points. In the meantime, however, things were looking much better for the leading German index: the daily high was 15,566 points, an increase of around 250 points.

This recovery at the start of the week was preceded by high price gains on the US stock exchanges. After initial losses, the Dow Jones index, which is relevant for the industry-heavy Dax, closed 1.7 percent higher on Friday. The Nasdaq technology exchange index even rose by 3.1 percent. Most of the price gains were only made after the stock exchange closed in Germany. The Dax ended Friday trading at 15,319 points, 1.3 percent or 205 points lower.