Dusseldorf The fight for the 200-day moving average is over on the German stock market. Lower than expected US inflation caused the Dax to jump by 450 points. The leading index closes at 14,146 points, an increase of 3.5 percent. The daily high is 14,157 points. The Dax has already climbed almost 3,000 points since the annual low at the end of September.
With the clear rise above the average line, which is at 13,609 points, the trend change on the stock market has also been completed – from a bear market rally to a sustained upward trend.
The high inflationary pressure in the US is falling more than expected. Goods and services inflation fell to 7.7 percent in October from 8.2 percent in September. Experts had expected 8.0 percent.
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