The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf For two days in a row, the leading German index tried in vain to sustainably break the 16,000 point mark. At the end of the week, the Dax is now testing deeper areas again. The stock exchange barometer was listed at 15,854 points at midday, a drop of 1.1 percent. The daily low is 15,833, the lowest since Tuesday this week.
With yesterday’s daily high of 16,090, the Frankfurt benchmark appeared to pave the way for higher listings, but the breakout was short-lived. At the end of trading, the index was at 16,032 points – an increase of 0.1 percent.
The minus on today’s trading day is not yet a cause for concern. The Dax remains in a “chart technical no man’s land”, as the technical analysts of HSBC Germany put it in their morning commentary today.
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