Dax benefits from the US interest rate decision – local professionals are still sitting on high book losses

Dusseldorf On the German stock market, prices are reacting positively to the prospect of interest rates rising more slowly in the USA. The Dax is up 0.2 percent in the morning at 13,190 points. The daily high is 13,239 points.

However, despite the price gains, the stock market barometer remains in its six-day breather after the 1000-point rally from early to mid-July. Only courses above 13,400 points, the high point of this upward movement, would dissolve this formation upwards. Investors who want to continue the upward movement should wait patiently until the Dax overcomes this short-term hurdle. On the downside, with sustained listings below 13,000 points, there is a risk that the rally will end.

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