Dusseldorf The upward trend on the German stock market takes a breather on Wednesday. In the morning, the Dax was unchanged compared to the previous day at 13,325 points. At the start of trading, it went up to the 13,400 point mark. At the end of trading on Tuesday, the stock was up 0.6 percent.
The current momentum, the dynamic of this upward movement, is impressive: There have been seven new highs in the past eight trading days. Since the end of September, the leading index has risen by almost 1,600 points or the equivalent of 13 percent.
Four conclusions can be drawn from this rally.
1. Dax should no longer mark a new annual low
It is very unlikely that the Dax will fall below the 12,000 point mark again in the coming weeks or even mark a new low for the year. This valid mark is 11,862 points.
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