The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf Overall, the German stock market continues to move sideways: In the morning, the Dax was unchanged at 15,516 points. After the “mini rally” of the previous week with a plus of 2.8 percent, this trading week has so far been constructive. Yesterday, Tuesday, there was even an increase of 0.3 percent with a final score of 15,516 points.
Above 15,400 points, there has been sufficient demand since Monday to support the Dax. This means that the lowest point so far this week is 15,416 points. So far, however, investors have not allowed the leading index to jump over the presumably decisive mark of 15,600 points. On the upside, it ended at 15,567.
The fund manager survey by Bank of America, in which a particularly large number of 380 international asset managers took part, was again informative. Probably the most important point: Bonds are more unpopular than ever because of high fears of inflation.
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