Dusseldorf The German stock market is again around the 13,000 point mark in Thursday trading. At midday, the Dax was almost unchanged at 13,022 points.
Trading on Wednesday already showed the short-term importance of this mark. The leading index slipped below it twice, but the subsequent purchases quickly lifted the stock market barometer back above the round level. At the close of trading there were 13,028 points on the display board.
This 13,000-point mark should also remain in the focus of investors until Friday afternoon. Because around 1 p.m. the futures contracts on the leading German index expire because Friday is the big expiry day, also called the witches’ sabbath. And many professional investors have an interest in seeing their derivatives settle near 13,000 points. It usually gets exciting an hour before the billing, also known as the witching hour in technical jargon.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue