Dax is in the plus – potential upside remains limited

Dusseldorf The mood on the German stock market is friendly at the start of the week: the Dax cannot keep up the high initial gains of 130 points, but is up 0.4 percent at lunchtime and is trading at 15,151 points. A US labor market report that was disappointing for the stock market caused the leading index to slip 1.8 percent last Friday. It closed at 15,099 points and the 15,000 point area remains in focus.

The Dax follows a week in which there were different signals. The positive: The leading German index always remained above the 15,000 point mark. In the last week of January of this year, the Dax slipped below this round mark twice for a short time, and the low for the year is now at 14,952 places.

The negative: The recovery rally that followed quickly ended at 15,736 points and then collapsed. This means that the short-term downward trend since the high for the year at the beginning of January with 16,285 jobs remains intact.