Dax is approaching 16,000 points – which speaks against a record hunt

Dusseldorf The German stock market continued the positive trend from the previous day on Wednesday. The leading index Dax gained 0.6 percent and rose to 15,949 points. He has thus approached the mark of 16,000 points, but not exceeded it. On Tuesday, the Frankfurt stock market barometer ended its six-day losing streak and closed 0.2 percent higher at 15,846 points.

The biggest winners in the Dax included Siemens Energy, Sartorius and Rheinmetall. All three stocks have been under pressure over the past few days. The fact that they are now rising again is a sign that buyers are finding current price levels attractive again.

The German market is also benefiting from the surprisingly strong US economic data, which had already caused significant price gains in the USA. The markets in Japan also picked up, with the Nikkei index rising by two percent.

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