The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market is going down again. The Dax was listed on Wednesday afternoon at 15,858 meters and thus 0.5 percent in the red.
Apparently, the German benchmark index can move away from yesterday’s sell-off, a significant slide in the course of a high trading volume, do not recover. With today’s price losses, it even fell below the daily low of yesterday Tuesday with 15,866 points. The closing number on Tuesday was 15,937 digits.
The all-clear can only be given if the Dax climbs sustainably above the 16,000 point mark again. In the past two weeks, the stock market barometer was quoted above this range, previously the index fluctuated for several months in a sideways range between 16,000 points on the top and 14,800 points on the bottom. Should the leading index fail to make the jump, there is a risk that it will revert to this sideways phase again.
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