Dax jumps 300 points after US inflation data – bear market rally is history

Dusseldorf The fight for the 200-day moving average is over on the German stock market. Lower than expected US inflation caused the Dax to jump by 450 points. The leading index is currently at 14,120 points, an increase of 3.3 percent or the equivalent of 453 points. The daily high is 14,151 points. The Dax has already climbed almost 3,000 points since the annual low at the end of September.

With the clear rise above the average line, which is at 13,609 points, the trend change on the stock market has also been completed – from a bear market rally to a sustained upward trend.

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