The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf After five trading days with a minus at the end of the session, the Dax is back on track for recovery. In the morning the leading index rose by 0.4 percent to 15,937 points. Yesterday, Wednesday, the leading index lost 0.4 percent to 15,878 points.
Despite the price gains: According to a technical analysis, the situation on the German stock market should only relax once the Dax has sustained over the 16,000 point mark again. Today’s trading day is likely to be rather quiet because the US stock exchanges have closed for Thanksgiving. But there are increasing signs that at least an end to the consolidation is imminent.
To classify: Since the record high of 16,290 points, the Dax has fallen by five percent to 15,470 points. That is quite a lot compared to the biggest price drops of the entire 2021 stock market year. The leading index fell by around six percent in January and the price slide in October was somewhat higher at around seven percent.
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