The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf Weak trading start on the German stock market: The Dax is 0.8 percent in the first hour of trading and is listed at 15,073 meters. The leading index ended yesterday’s trading day at 15,199 points, down 0.05 percent.
Apparently, the German stock market indices process the losses on the other side of the Atlantic. Rising energy prices and the upcoming reporting season probably dampened sentiment on Wall Street at the beginning of the week. The Dow Jones Index and the broader S&P 500 each lost 0.7 percent. The technology exchange Nasdaq fell 0.6 percent.
This means that the 15,000 point mark is once again the focus of attention on the stock exchange in this country. The comparatively high sales in the past few days have shown how bitter the fight between the bears and the bulls for this round mark is. Some try to get into the market cheaply with setbacks. The others try to come out as dearly as possible when the share price rises. The result is a volatile sideways market.
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