The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf After gaining more than 200 points on Friday, the leading German index is continuing its upward trend. The Dax rose by 0.6 percent in the afternoon and traded at 13,561 points. Today’s daily high of 13,570 points is the highest in six weeks.
The leading index rose by more than 200 points last Friday. The past stock market month was the most successful July in six years.
There are increasing signs that the rally that has driven the Dax since its low of 12,390 points is still ongoing. Because in the past few weeks there has been little good news that could have created a buying mood. What sounds contradictory at first glance can be explained on the basis of investor behavior.
In most cases, positive news about inflation, the Ukraine war or global supply chain problems ensure that long-term investors get back on board. This ensures that prices continue to rise.
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