Dusseldorf The consolidation of the past few days is continuing on the German stock market. The Dax fell by a good one percent to 13,534 points by the end of trading – a drop of more than 150 points.
It would be surprising if the leading German index should sustainably exceed the 13,800 point mark in the coming trading days. Sustained means that the price is above this mark at the end of the day and the day after.
For Thomas Altmann from the fund house QC Partners, the stock market needs to take a deep breath. After the rally, which brought the Dax up by 1400 points at the top, the air was out: “Those who are not invested are afraid of buying too expensive now. Anyone in the market is afraid of selling too early,” said Altmann.
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