Frankfurt The German stock market benefits from the good conditions from the USA. In the first hour of trading, the stock market barometer rose by 0.6 percent and traded at 16,196 points. The Dax has thus cleared the last technical resistance towards a record high, which was 16,144 points. The daily high is 16,223 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, which in turn has great potential if successful. For Jörg Scherer, head of technical analysis at HSBC Germany, a new record high therefore has “great consequences”.
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