The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf A friendly start to the week on the German stock market: the Dax rises by 0.2 percent in the first hour of trading and is trading at 16,191 points.
Last Friday things went down after a series of six record highs in a row. After a friendly start with a daily high of 16,282 points, the Dax slipped almost 200 points to 16,092 points, ending trading 0.4 percent in the red at 16,160 points. It was a mixture of a short expiry date and worries about the high corona numbers, which caused the Frankfurt stock exchange barometer to slide into the red.
In this trading year, such setbacks as last Friday were almost always an entry signal. Does the scenario repeat itself?
Investor sentiment answers this question with a “yes”. A week ago, after evaluating the Handelsblatt survey Dax Sentiment, sentiment expert Stephan Heibel identified the first signs of fatigue, but identified setbacks as an opportunity to buy. He sticks to this opinion after evaluating the current survey.
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