The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The initial shock of the new situation in the Ukraine conflict is over. First investors are brave again and get in. On Wednesday morning, the Dax temporarily dropped more than 200 points to the daily high of 14,901 points, after which profit-taking began again. The focus is currently on the struggle for the important mark of 14,800 points, which, according to technical analysis, decides on the medium-term trend. The stock market barometer is currently at 14,815 points, an increase of 0.5 percent.
At least the short-term situation is easing somewhat because the Dax is well above the low for the year so far, i.e. above the low of yesterday Tuesday at 14,357 points.
The leading index ended yesterday’s trading day at 14,693 points, a drop of 0.3 percent. Trading turnover was higher than it had been in ten weeks, probably due to the public holiday on Monday on the US stock exchanges and the dynamic developments in Ukraine.
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