Dax processes the previous day’s gains – What investors should know about the rally at the start of the year

Dusseldorf The high gains of the previous day are being processed on the German stock market. The Dax fell 0.4 percent in the first hour of trading and traded at 14,735 points.

Yesterday, the leading German index had impressively continued its rally since the end of September and ended trading at 14,794 points, an increase of 1.3 percent.

At its peak, the stock market barometer has already gained more than 900 points this year alone, and since the end of September it has already risen to almost 3,000 points, or the equivalent of more than 25 percent. This is one of the biggest rallies in Dax history.

After yesterday’s breakout of the four-week trading range, investors shouldn’t be surprised if the Dax initially consolidates at the breakout level of around 14,600 points. That would be healthy for further development.