Dusseldorf The leading German index fell again at the end of the month: on the last trading day in February, the Dax slipped 0.5 percent in the first hour of trading and was listed at 15,307 points, at a similar level as at the beginning of the month.
With yesterday’s trading day, the leading index returned to its four-week trading range, the upper limit of which is 15,658 points, the high for the year so far. Stock market experience teaches that after an unsustainable price slide out of this range, like last Friday, the upper limit is often tested again. True to the symbolic motto: if you want to jump high, you first have to bend your knees.
Capital market expert Thomas Altmann from the investment house QC Partners considers this unlikely. “It should be difficult for the Dax to build on yesterday’s gains,” he says. In his opinion, the plus of 270 points last Monday was a welcome setback for investors who were underweight in equities.
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