The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market got off to a friendly start into the trading week and surrendered most of the gains during the session. The Dax is 0.3 percent up at noon at 15,220 points. On Friday, the stock market barometer slipped 0.6 percent into the red at the end of trading and closed at 15,170 points.
Last week’s trading range, with 15,015 digits on the bottom and 15,540 on the top, is now likely to be the measure of all things. Only a sustained outbreak in one direction should make a decision as to which direction the leading index will take by the end of the year.
It should be difficult for the Dax to break out in the coming days, which would be the basis for a year-end spurt. At least that is what the current data from the Handelsblatt survey Dax Sentiment suggest.
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