The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf On the day after the Fed’s interest rate decision, the German stock market was very volatile. At the start, the Dax went up significantly before the leading index gave up all of its gains over the course of the day and fell into the red. The barometer ended trading at 0.5 percent in the red at 13,903 points. The daily high at the start of trading, however, was 14,315 points.
The heavy sell-off on Wall Street also weighed on the mood on the German market. The most important US indices were trading deep in the red after having risen sharply the previous day.
The Dax has again failed to break out of its downward trend of several months. The leading index has been stuck in this trend since the beginning of the stock market year – the falling line since the annual high of 16,285 points on January 5 is currently 14,216 points. Only 100 points below is the 50-day line, which reflects the medium-term trend.
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