Dusseldorf On Monday, the leading German index remained above the psychologically important mark of 16,000 points for the eighth trading day in a row. At the start of the week, the Dax was up 0.1 percent on Friday at 16,191 points.
The obligatory summer break on the German stock market is thus continuing to be constructive. Just over two weeks ago, the stock market barometer slipped to 15,456 points. But within a few days, the Dax worked its way back towards record levels.
This meant that there were few entry opportunities for bargain hunters who like to shop cheaply during the summer break. They’re now wondering, “Did we miss the opportunity in early July when the index slipped to 15,456?”
Should the Dax rise above the 16,240 mark and thus reach a new July high, these bargain hunters would come under pressure. Only with listings below 16,000 points should the Dax possibly enable favorable entry prices again.
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