Dax continues to focus on the 16,000 point mark – professional investors are waiting for cheaper entry prices

Frankfurt The Dax is trading down 0.1 percent at 15,938 points. With the daily high of 15,998 points, the stock market barometer fell just short of the 16,000 mark, which was again the focus of the German stock market today.

The leading index had already tried to overcome the mark yesterday, Wednesday, but it was over at 15,994 points. At the end of trading there were 15,949 points on the display board on the Frankfurt Stock Exchange, an increase of 0.6 percent.

The Dax has been moving sideways in a range of 700 points for almost three months. Apart from the unsustainable jump to the record high of 16,427 points, the upside ended at around 16,300 points, while the range supported around 15,600 points on the downside. There is much to suggest that this range will remain the measure of all things in the coming trading days.

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