Dusseldorf The rally continues on the German stock market. The Dax rose by 0.2 percent to 14,344 points in the first hour of trading.
Such an increase after weak specifications from the USA shows how strong the ongoing upward movement on the German stock market is. Yesterday, Monday, the Dow Jones index, which also has an industrial focus, lost around one percent in the last hour of trading and closed with a minus of 0.6 percent. Fed banker Christopher Waller put a damper on speculation that the US Federal Reserve would raise interest rates less aggressively.
Yesterday’s trading day brought a new high of 2500 points since the end of September with 14,431 points. Even if the stock market barometer is considered to be susceptible to consolidation due to the rapid increase: If the Dax rises above the daily high from yesterday Monday, the 14,709 point mark is the next target. This is where the high for the stock market month of June is.
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