The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf At the beginning of the week, the German stock market is going down slightly. The Dax is down 0.5 percent at noon and is listed at 15,125 points. The leading index ended Friday 0.3 percent in the red at 15,206 points.
The situation remains fragile. A bear market is rather unlikely, but investors should take into account further sell-offs, in other words a slide in prices that is accompanied by high trading volumes. There was such a sell-off a week ago when the stock market barometer briefly fell to 14,818 points.
Both investor sentiment and technical analysis support the thesis of a flagging market. For Martin Utschneider, technical analyst at the private bank Donner & Reuschel, the German benchmark index is likely to continue to be under pressure on Monday.
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