The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The mood on the stock market brightened somewhat in the short term. The Dax climbed 1.5 percent in the morning and traded at 15,467 points, an increase of 220 points. On Tuesday, the leading index closed 0.2 percent higher at 15,242 points.
For the capital market expert Thomas Altmann, the current situation is “certainly not spring awakening, but at least a melting ice cream”. However, this increase does not change the intact Dax downward trend since the beginning of the year.
The overarching chart and market technical warning and weakness signals are still there. A technical improvement in the situation can only take place at prices above 15,615 points. It will be interesting to see how long this so-called relief rally will last and how far it will carry the Dax up.
The fact that the situation for the leading German index has calmed down can be seen in two points.
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