Dax has the 16,000 point mark in focus – investors throw Hellofresh papers out of their depots

Dusseldorf The side effects of the new Omikron virus variant are apparently ticked off, and the focus on the German stock market is now on the year-end spurt. The next target is likely to be around 16,000 points, the upper limit of the sideways phase from early April to early November.

The Dax is moving a bit away from this mark this Wednesday. At noon, the German benchmark index stood at 15,721 points, which is 0.6 percent in the red. But it shouldn’t surprise anyone that the Frankfurt benchmark takes a breather after two successful trading days in a row. On Tuesday alone there was an increase of 2.8 percent to a final score of 15,814 points.

As a reminder: At the end of November, the focus was also on a round brand, but at that time it was 15,000 points. On November 30, the Dax slipped down to 15,015 positions. That shows how fast the market can turn.