The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The German stock market continues sideways. The Dax was trading at 15,371 points on Thursday morning, unchanged from the previous day’s close. The leading German index ended trading on Wednesday with a minus of 0.3 percent and a final value of 15,370 points.
It remains the case: The Dax is still stuck in the downward trend that has prevailed since the beginning of the year. The negative trend would only end if the index climbed above the 15,620 point mark on a sustained basis, i.e. at the end of the day and the day after. He failed to do that last week.
Despite this high hurdle, the situation on the German stock market has eased significantly. Extremely negative news would have to come for the Dax to slip below the low of 14,844 points on Monday this week. The worst fears have now been priced in for the two key causes of the downward trend since the beginning of the year.
Relaxation in the US interest rate turnaround
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