The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf Thanks to some easing fears of a recession, the German stock market on Thursday accelerated its recovery from the previous day. The Dax climbed 1.97 percent to 12,843.22 points. On Wednesday, the leading index rose by around 1.6 percent after falling to its lowest level since November 2020 on Tuesday.
The leading German index has already made up more than 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.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue