Frankfurt The German stock market is reacting positively to the new inflation figures from the USA. After the US authorities announced that inflation had fallen to four percent, the stock market barometer rose. In the afternoon, the leading index is up 0.5 percent and is trading at 16,184 points. The daily high was around the start of trading at 16,223 points. The Dax has thus cleared the last technical resistance towards a record high, which was 16,144 points.
Should the stock exchange barometer reach a record high, i.e. rise above 16,332 points, that would be a liberating blow. Because the old records from 2021 and 2022 are close at 16,290 and 16,285 points.
Chart technicians call such a constellation a resistance that is difficult to overcome. For Jörg Scherer, head of technical analysis at HSBC Germany, a new record high therefore has “great consequences”.
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