Dusseldorf The German stock market is on the up again at the start of the week. The Dax rose by 0.7 percent in the first hour of trading and traded at 15,710 points.
The leading German index thus remains close to its high for the year of 15,736 points, which was reached on Tuesday last week. The subsequent setback of around 250 points has so far been constructive because, according to the chart technology, important supports in the area of 15,300 and 15,400 points have not yet been reached.
On the other hand, a new high for the year should pave the way towards the 16,000 point mark. The leading index was last above this mark in mid-January 2022. Just above that is the record high of 16,290 points.
According to the Frankfurt Stock Exchange survey, reaching a new high for the year was an invitation for many institutional investors to take profits. For Joachim Goldberg, who evaluates the survey, the highest level of a stock market year is a so-called “reference classic” for selling shares.
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