Frankfurt The German stock market reacted positively to the new inflation figures from the USA. After inflation fell more than expected in May, the stock market barometer initially slipped to the daily low of 16,088 points, but quickly recovered.
At the close of trading, the leading index was up 0.8 percent at 16,230 points. The daily high was 16,233 points shortly before the close of trading. 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”.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further