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. The Dax closed on Monday 1.4 percent up at 15,380 points. The leading index has thus more than made up for its losses on Friday. On Friday, the stock market barometer slipped 0.6 percent into the red at the end of trading and closed at 15,170 points.
Despite the gains, last week’s trading range remained the measure of all things with 15,015 digits on the bottom and 15,540 on the top. 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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