Dusseldorf A directional decision is imminent on the German stock market. Is it heading towards a record high again, or is the Dax likely to start a long-awaited correction? In the first hour of trading, the leading index moved little and was down 0.2 percent at 15,930 points.
For Martin Utschneider, technical analyst at the private bank Donner & Reuschel, “the beginning of the week will show in the short term where the Dax journey could lead in the medium term”.
The trading day on Monday was of little significance. The US stock exchanges were closed and the German stock market barometer ended trading on Whit Monday with extremely low turnover of 0.2 percent down at 15,952 points.
A record high would be reached with prices above 16,332 points. Courses above 16,144 points would pave the way for this. A correction, a setback of at least ten percent, would have been just below the 14,700 point mark. The prerequisite for this would be prices below 15,600 points.
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