The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The German stock market is up for the third trading day in a row: the leading index is up 1.3 percent at 13,013 points at midday. In the meantime, the Frankfurt benchmark slipped to 12,766 points and then gained 250 points.
Today’s trading day is explosive. With a minus of at least 30 points at the end of the session, the Dax would end the sixth trading week in a row negative.
According to Thomas Altmann from the investment house QC Partners, there was an even longer series of losses last in 1998 – neither during the financial crisis of 2008 nor when the technology bubble burst at the beginning of the millennium. That’s all you need to know about the current market phase.
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