The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market started the trading week on a friendly basis. In the first hour of trading, the Dax rose 0.8 percent to 15,283 points. The German benchmark index is more than making up for its losses from last Friday. On the day the stock market barometer slipped 0.6 percent into the red at the end of trading and closed at 15,170 points.
This means that last week’s trading range remains the measure of all things with 15,015 digits on the bottom and 15,540 on the top. Only a sustained outbreak in one direction should make a decision as to which direction the leading index will take by the end of the year.
It should be difficult for the Dax to break out in the coming days, which would be the basis for a year-end spurt. At least that is what the current data from the Handelsblatt survey Dax Sentiment suggest.
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