Dusseldorf The consolidation of the past few days is continuing on the German stock market. The Dax is down 0.4 percent in the morning and is trading at 13,636 points. Yesterday, Monday, the stock market barometer rose by 0.8 percent to 13,687 points, but was unable to overcome the daily high of 13,792 points in the five-week upward movement.
It would be surprising if the leading German index should sustainably exceed the 13,800 point mark in the coming trading days. Sustained means that the price is above this mark at the end of the day and the day after.
For Thomas Altmann from the fund house QC Partners, the stock market needs to take a deep breath. After the rally, which brought the Dax up by 1400 points at the top, the air was out: “Those who are not invested are afraid of buying too expensive now. Anyone in the market is afraid of selling too early,” said Altmann.
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