The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The 16,000 point mark remains in focus on the German stock market. At 16,042 points in the morning, the Dax is virtually unchanged from the closing level on Friday. This means that Friday’s record high of 16,084 points remains within reach.
Today’s Monday could be the third day in a row on which Dax closes above this psychologically important level. This shows that the situation is changing for the better, and willingness to buy has increased. After the last quotations above 16,000 points in August of this year, the Frankfurt benchmark always ran out of air, and a higher willingness to sell quickly sent the index below this mark.
Even if Monday could become a consolidation day, the upward trend on the German stock market remains intact. According to the evaluation of the current Handelsblatt survey Dax Sentiment, sentiment expert Stephan Heibel says: “There is no reason to leave this stock market party”.
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