Dusseldorf The German stock market is proving resilient in view of the high price losses in US technology stocks, although it started trading weaker. The leading index lost 0.9 percent in the morning and traded at 13,093 points.
The stock market barometer ended yesterday, Thursday, after a varied trading day, up 0.1 percent at 13,211 points. Each day this week has marked a new high in the rally since late September, which is now up 1400 points.
In view of the current momentum, a weak start to trading like this Friday should not come as a surprise. A rebound to the round mark of 13,000 points would be common.
Even a retest of the 50-day line at 12,740 points would not change the current rally mode. For the past week, it has been another key resistance on the way up.
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