The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf On the German stock market, the 200-day moving average is the focus of today’s Tuesday. This average line, which is relevant for many investors, shows the long-term trend and is currently at 15,611 points. The Dax was able to overcome this mark at the start of trading and was listed at 15,673 points, an increase of 0.7 percent.
It is the first important relaxation signal after a turbulent week of trading with two sell-offs. After the bumpy start to the year, trading days on the stock markets are likely to be calmer for the time being.
Because a look at Wall Street shows the importance of this brand. Both the broad S&P 500 and the Nasdaq 100 technology selection index crossed this important line yesterday, Monday. This immediately encouraged other buyers to get involved. The S&P 500 was up 1.9 percent at the end of trading, and the Nasdaq 100 was even 3.3 percent.
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