The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf For the second day in a row, the focus of the German leading index Dax is on the 14,000 point mark. In the morning, the stock market barometer was at 14,052 points, down 0.5 percent. On Tuesday, after an initial price slide to 13,887 points, the Dax was able to rise above this psychologically important mark again. It went 0.5 percent lower at 14,123 points from trading.
After hours, the Dax slipped below this level again due to weak US stock exchanges. But trading on Monday showed that the willingness to sell is not particularly high at the moment. There were enough buyers who used prices below 14,000 points to re-enter.
Accordingly, trading on Wednesday is very quiet. The trading range is only 89 points so far, and on Tuesday the difference between the high and low was almost 300 points.
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