Dax continues 3000-point rally – Bayer stock benefits from hedge fund plans

Dusseldorf After just one mini-day of consolidation, the leading German index continued its brilliant rally at the start of the year on Wednesday. The Dax rose in the morning by 0.8 percent to 14,890 points.

With today’s high of 14,899 points, the stock market barometer has reached a new high of the 3000-point rally since the end of September 2022. This means that the 15,000 point mark is increasingly coming into focus.

At the close of trading on Tuesday, the stock market barometer fell by only 0.1 percent, and the total setback on the trading day was only around 100 points.

The desire to buy this Wednesday is a surprise. Investor sentiment is neutral, the news is rather negative. The past few days have been rather poor in news. News only came from the central banks, which want to stick to their restrictive monetary policy. This was confirmed by US Federal Reserve Chairman Jerome Powell on Tuesday.

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