Dusseldorf The German stock market is once again in the 16,000 point range. This well-rounded and rather psychologically important brand has been in focus since April. After the significant price gains due to the lower US inflation rate last week, this area is now a support again.
In the first hour of trading, the Dax was just above this mark at 16,067 points, 0.2 percent below the closing price last Friday.
Weak economic data from China was a drag. “The pace of growth in the Middle Kingdom continues to decrease,” said portfolio manager Thomas Altmann from asset manager QC Partners. “The big revival after the end of the strict Covid regulations is over for now.”
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