Dusseldorf The German stock market continues its recovery attempt on Tuesday: The Dax starts trading 0.8 percent higher at 12,905 points. The MDax rose by 0.5 percent to 24,078 points, the leading eurozone index EuroStoxx 50 was up around half a percent.
After initial price losses, a countermovement in the leading German index began shortly before the close of trading on Monday, finally closing 0.5 percent higher at 12,803 points. According to Thomas Altmann, portfolio manager at QC Partners, the Frankfurt benchmark is also benefiting from the positive indications from Wall Street this Tuesday: the leading indices Dow Jones, S&P 500 and Nasdaq ended trading on Monday slightly in the black.
According to Altmann, it is a positive sign that cheap courses are currently still being used to get started. “As long as there are buyers on the sidelines who get in when prices are falling sharply, a rapid slide down is unlikely.”
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