Dax continues to climb – professionals are counting on a decent recovery

Dusseldorf The recovery on the German stock market continues for the second day in a row. The Dax climbed 1.6 percent to 12,800 points in the morning. The stock market barometer had already increased by 1.6 percent to 12,594 points on Monday.

The leading German index has already made up almost 400 points since the new low for the year of 12,390 points last Tuesday. But he hasn’t achieved much with it. From a technical point of view, the Frankfurt benchmark is only given the first slight signs of stabilization.

The Dax remains in the lower third of its downward trend since the beginning of the year. Only courses above around 13,000 points would be a first step forward. However, reaching that level on Thursday is likely to be difficult. Martin Utschneider, technical analyst at private bank Donner & Reuschel, expects a range between 12,919 on the upper and 12,617 points on the lower side in Thursday trading.