Dusseldorf The German stock market continues to rise. The Dax is up 0.3 percent in the first hour of trading and is trading at 12,804 points. The leading index thus makes up for part of the profit-taking from yesterday, Tuesday. After a daily high of 12,931 points, the stock market barometer ended trading at 12,765 points, an increase of 0.9 percent.
In view of the current price dynamics, such profit-taking as on Tuesday should not come as a surprise. As recently as Thursday last week, the index was trading at just 12,000 points. Since the low for the year at the end of September, the plus at the top is already more than 1050 points.
The focus of today’s trading day is the 50-day line, which is currently at 12,852 points. This level was only traded intraday on Tuesday. Should the Frankfurt benchmark close above 12,852 points, this resistance would be overcome for the long term.
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