Dusseldorf The leading German index Dax closed 0.34 percent up at 15,951 points on Wednesday evening. In the course of the trading day, the Dax rose to 15,991 points and thus came closer to the 16,000 point mark than it had been in a week.
However, the Frankfurt stock exchange barometer was again unable to overcome the psychologically important level. While the price indicators are pointing to growth, weak economic prospects and the ongoing US debt dispute are dampening investor sentiment.
The 16,000-point mark caps the leading index, but the leading index is not going down despite all the bad news. The barometer is standing still, its trading range is currently less than 400 points. On the downside, the mark of 15,650 points proves to be a stable support, at which investors decide to buy and thus raise the price.
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