The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf On Tuesday after the sell-off at the beginning of the week, the Dax moved up again. The leading German index closed 1.4 percent higher at 15,447 points. On Monday, the Frankfurt benchmark slipped 1.9 percent and went out of trading with 15,240 points.
If the sentiment analysis is correct, then yesterday’s trading day was not the start of a downward movement, but the start of a year-end spurt. The current Handelsblatt survey Dax Sentiment signals a constructive investor sentiment that gives hope for further increases in share prices.
The investor survey conducted by the Frankfurt Stock Exchange last Wednesday also goes in a similar direction, and also saw a high level of buying interest among domestic investment professionals in the range of 15,100 to 15,150 points. Apparently these professionals took advantage of this opportunity and bought it yesterday, Monday.
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