The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The sideways trend on the German stock market continued throughout the trading week. On Monday the Dax started at 15,518 points, on Thursday the leading index closed with a minus of 0.3 percent at 15,472 points, slightly below this level.
Thus, the Dax failed again at the upper limit of 15,527 points from a technical point of view. The barometer briefly rose above this mark, but then quickly fell back. Martin Utschneider, technical analyst at the private bank Donner & Reuschel, had forecast that before the start of trading.
Investor sentiment does not bode well in the short term either. According to the latest survey by the Frankfurt Stock Exchange, there was a change in sentiment among institutional investors: the number of optimists among professionals has risen sharply and, in a comparison over six months, is at the highest level since the survey began in 2002.
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