Dusseldorf The German stock market is on the up again. The Dax climbed 1.2 percent in the morning and traded at 13,290 points, an increase of 160 points. Yesterday, Thursday, the stock market barometer slipped by more than 230 points, but ended trading with a moderate minus of 0.95 percent and a final value of 13,130 points.
The Dax has been consolidating since Tuesday of this week, but this downward movement has so far been minor. Since the rally high of 13,444 points, the Frankfurt benchmark has fallen a good three percent.
Consolidations of six to seven percent are more common, which should cause the leading index to drop to 12,600 points. A correction, which usually lasts longer than a consolidation, would be reached at prices below 12,100 points. Then the leading index should fall back towards the low for the year, which is 11,862 points.
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