Dax “prances” around the 16,000 point mark – professionals lay the basis for the continuation of the rally

Dax curve

The leading German index has already reached several new record highs this year.

(Photo: Bloomberg Creative / Getty Images [M])

Dusseldorf On the German stock market, everything revolves around the 16,000 point mark again. In the first hour of trading, the Dax is quoted at 16,075 meters, an increase of 0.1 percent.

The leading index has been looking at this psychologically important brand for a week. During this period there were several new record highs, but overall only one sideways movement in a narrow range of less than 120 points. Also on Thursday, the Frankfurt benchmark is likely to move between 16,104 points on the top and 15,985 on the bottom. Yesterday’s trading day was remarkable: with 16,068 points, the Frankfurt benchmark achieved the highest closing price in its entire history.

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