The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The recovery on the German stock market continues for the second day in a row. The Dax climbed 1.2 percent to 12,743 points in the first hour of trading. The stock exchange barometer had already increased by 1.6 percent to 12,594 points on Wednesday.
The leading German index has already gained more than 350 points since the new low for the year of 12,390 points last Tuesday. But the Dax has not yet achieved much. From a technical point of view, the Frankfurt benchmark is only granted initial, slight stabilization tendencies.
The Dax remains in the lower third of its downward trend since the beginning of the year, only prices above around 13,000 points would be an initial step forward. But that should be difficult on Thursday.
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