Dax rally stopped for now – oil price continues to rise

Dusseldorf At the start of the week, the German stock market defended most of its gains from Thursday and Friday. However, there are no buyers for further price increases before the US Federal Reserve meeting on Wednesday. The German leading index Dax was down 0.4 percent at 15,824 points on Monday morning.

The 16,000 point mark is currently proving to be too high a hurdle. The last time the Frankfurt stock market barometer was above this mark was at the end of August; since then it has approached it three times, but then turned downwards again each time. This was most recently the case last Friday, when the Dax temporarily rose to 15,989 points, but only closed at 15,894 points.

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