The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The bottoming out on the German stock market continues. The Dax rose in the morning by 0.5 percent to 12,824 points. Yesterday Monday already showed signs of stabilization. In a rather listless trade with a low volume, the index closed 0.3 percent at 12,773 points. remained well above its lows of the past week.
Trading was listless as US stock markets were closed yesterday Monday. Accordingly, it should be more turbulent on Tuesday. US futures signals a friendly open early this morning. They are around 0.3 percent up.
The main reason for the rising prices in this country: The series of positive economic data from China continues. With an increase of 13 points to a value of 54.5, the privately determined Caixin Purchasing Managers’ Index for the service sector posted the second-biggest climb in its history.
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