The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The leading German index can again overcome the psychologically important mark of 14,000 points. In the first hour of trading, the Dax climbed to 14,050 points, an increase of 0.9 percent. Yesterday, Monday, the stock market barometer lost 1.5 percent and ended trading at 13,924 points.
The price gains on the other side of the Atlantic are primarily responsible for this friendly start to trading. There, after significant losses, the prices turned positive when the stock exchanges in this country were closed. The Dow Jones Industrial index, for example, lost more than 3.5 percent at times in the first half of trading before it struggled vigorously and ended trading with an increase of 0.7 percent.
Sentiment expert Stephan Heibel, who evaluates the weekly Handelsblatt survey Dax-Sentiment, had expected such a reaction. “For the US at least, another sharp sell-off in stock markets is relatively unlikely,” he said after the latest data over the weekend.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue