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. In the first hour of trading, the Dax easily overcomes the psychologically important mark of 13,000 points and is traded at 13,304 points, an increase of 3.7 percent or 470 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.
During the US trading hours after the stock exchange closed in Germany, there were already prices above 13,300 points. However, this joy lasted only briefly because all major US stock market indices slipped into the red.
Despite the price gains at the start of trading, it has so far only been a relief rally, a countermovement in an intact downward trend. The stock market barometer still has a long way to go before it ends.
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