The Handelsblatt editor looks at the risk of a major correction on the stock exchanges.
(Photo: Bloomberg)
The rally at the start of the year on the German stock market is about to point the way: will the Dax manage to clear the 15,000 point hurdle? If the stock market barometer sustainably exceeds this mark, i.e. at least as of the daily closing price, the signs are good for further price gains.
If the Dax fails at 15,000 points, there is a risk of a test of the much-noticed 200-day line, which is currently at 13,559 points and is mainly observed by long-term investors.
Why is the 15,000 count range so important? It has repeatedly been an important benchmark for investors in the past. This was most recently the case in the last nine months of the 2021 stock market year. At that time, the round number offered support several times and was initially hard-fought at the beginning of 2022. Only in the course of the Russian invasion of Ukraine did the Dax give up this area; the following losses were drastic.
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