Dusseldorf Investors on the German stock market were defensive on Thursday: After the Dax started trading slightly up, it turned negative as trading progressed. At the close of trading, the leading German index was 0.37 percent lower at 12,470 points.
On Wednesday, the Dax had already ended its recovery rally and ended trading down 1.2 percent.
During a recovery phase earlier in the week, the Dax had gained almost 800 points. “In order to turn the positive days into an upward trend, the Dax would have to recapture the psychologically important 13,000 point mark. However, there is still a long way to go until then,” comments Thomas Altmann, portfolio manager at QC Partners.
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