Dax gains 200 points – The “January Effect” causes prices to rise

Dusseldorf After a friendly start on Monday, the trading year 2023 really gets going on Tuesday. For one thing, trading will take place on US stock exchanges for the first time this year. And on the other hand, the provisional German inflation rate for December has the potential to shake up the stock markets.

After a significant gain in morning trading with an interim plus of around 225 points and a daily high of 14,293 points, profit-taking followed. At noon, the Dax is only 0.6 percent up and is trading at 14,149 points, an increase of 90 points. Yesterday, Monday, the leading German index again surpassed the 14,000-point mark and ended the session up one percent at 14,069 points.

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