The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf A directional decision is in the offing on the German stock market: the Dax slipped significantly in the first hour of trading and was listed at 15,724 points in the morning, a minus of 1.3 percent and more than 200 points. The daily low is 15,669 digits, the lowest level of the new stock exchange year.
Yesterday, Monday, the Frankfurt stock exchange barometer was 0.3 percent higher at 15,934 positions. With US stock markets closed, yesterday’s trading range was less than 70 digits.
The risks of the Dax slipping further down are great. According to the survey by the Frankfurt Stock Exchange, the domestic professionals only show interest in buying again in the area of 15,600/15,650 positions, although this should not be very high. The 200-day line with 15,599 digits, which is much observed by long-term investors, is also in this area.
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