Dusseldorf The focus on the German stock market is no longer the hunt for a new high for the year, but rather the question: How low can the leading index fall? However, the Dax was able to catch up again in morning trading and is currently up 0.1 percent again and is trading at 15,572 points.
Yesterday, Tuesday, the stock market barometer marked a new high for the year with 15,706 points. But the speech by US Federal Reserve Chairman Jerome Powell, who promised more speed in interest rate hikes, caused the index to slip to 15,544 points.
There was a similar situation on February 9, when the Dax marked a new high for the year at 15,658 points, but slipped into the red on the same day. The losses continued the following day and totaled 400 points compared to the high for the year. So far, this stock market story has not been repeated with the plus on today’s trading day.
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