The leading German index had reached several new record highs in the last year of the stock market.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The focus of the German benchmark index remains on the record high. In the first hour of trading, the German stock market barometer was at 15,165, an increase of 0.1 percent. The chances are good that there will be a new record this trading week.
With the daily high in the form of 15,202 digits on yesterday’s trading day, the Frankfurt benchmark was only 88 points away from the previous record high. The Dax was unable to maintain these significant gains and was only 0.8 percent higher at 16,152 points. Such a quiet start like this Wednesday shouldn’t come as a surprise. After all, the leading index has risen by more than 1150 points since December 20th.
Yesterday’s trading day was remarkable because the high trading volume of 75 million shares shows that institutional investors are back. And they immediately made groundbreaking decisions: cyclical industrial stocks, especially automotive stocks, are now the favorites on the market.
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