The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf Things are going on in a friendly manner on the German stock market. In the first hour of trading, the Dax rose again by 0.2 percent to 16,260 meters. Yesterday, Thursday, the Dax closed after a new record high (16,290 points) at 16,222 points and thus 0.2 percent in the red. What was noticeable on Thursday was that the slide below the 16,200 mark was over within a short time.
As a result, the uptrend is still intact on a weekly basis. The leading index has risen to a new high every week since the beginning of October and the respective low point is above that of the previous week. It’s the classic definition of an uptrend.
But continuing this trend is likely to become increasingly difficult. On the one hand, the Dax should now mark a new record high every week, which is unlikely to succeed until the end of the year. And on the underside, the Frankfurt benchmark may no longer slide below 16,072 points in the next five trading days, the lowest point this week.
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