The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf Despite a weak start to the week, the German stock market is holding up well after the weak US specifications. In the first hour of trading, the Dax remained close to the 14,000 point mark and was trading at 14,023 points, down 0.5 percent. The price was already at 13,884 points before the market opened.
Last Friday, the stock exchange barometer remained above this psychologically important mark throughout the entire trading day and ended the past week with a plus of 0.84 percent to 14,097 points.
With today’s price slide, the German stock exchange is reacting to the late sell-off in the USA. After the end of trading in this country, the Dow Jones accelerated its descent. Ultimately, there was a decline of 2.77 percent.
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