Dax remains close to the 14,000 point mark

Dusseldorf On the German stock market, the psychologically important mark of 14,000 points remains in focus. In the first hour of trading, the Dax was almost unchanged at 14,037 points. The index ended yesterday at 14,039 points, an increase of 0.7 percent.

The course of the past trading days allows the conclusion that the Dax is about to experience a new momentum. For one, yesterday’s trading range was just 160 points. On the other hand, six out of seven trading days show how uncertain investors are at the moment. In these six days, the Dax fluctuated more clearly, but the opening and closing price of each session were close together. So investors grabbed the weaker prices and sold into the rising market. Such multi-day stalemates are in many cases resolved with dynamic price action.