The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The hope for peace in the Ukraine war ensures a friendly start to the week on the German stock market. At midday, the Dax rose by 3.2 percent to 14,060 points, an increase of around 430 points.
Already on Friday there was a price jump of more than 400 points due to progress in the talks between Ukrainian and Russian negotiators. Ultimately, however, investors reduced their risk before the weekend and the leading index closed at 13,628 points, an increase of 1.4 percent.
With today’s price gains, there is increasing hope that the 14,000 point mark will soon be surpassed. It is psychologically important because courses above get more media coverage. And it also has a certain importance on the charts. For Martin Utschneider, technical analyst at Donner & Reuschel, “the Dax would only get out of the worst at prices above 14,000 points”.
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