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 German stock market is friendly again. The Dax easily overcomes the psychologically important mark of 13,000 points in the morning and is traded at 13,520 points, an increase of 5.4 percent or almost 688 points. Yesterday’s trading already showed a positive trend, because the stock exchange barometer ended the session unchanged after two days of sell-off at 12,831 points. Nevertheless, the size of the plus sign is surprising because all major US stock market indices slipped into the red at the end of trading.
Despite the significant price gains, it has so far only been a relief rally, a countermovement in a downward trend that is still intact. The stock market barometer still has a long way to go before it ends.
Only at prices above 15,000 points would the currently red traffic light on the stock exchange change to green. The three important average lines that indicate the short-, medium- and long-term trend are also just above this important resistance level.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further