Dax remains in breather mode – from which brand this should change

Dax curve

The leading German index has already reached several new record highs this year.

(Photo: Bloomberg Creative / Getty Images [M])

Dusseldorf The German stock market is moving sideways: the Dax is quoted virtually unchanged in the first hour of trading with 15,481 digits. Yesterday, Monday, the leading index went 0.7 percent lower from trading. At the close of the market there were 15,474 points on the display board. That was a healthy breather after the positive previous week with an increase of 2.8 percent.

This also applies to the medium-term situation on the stock market. For the sentiment expert Stephan Heibel, after evaluating the Handelsblatt survey Dax-Sentiment, it is clear: “Now it appears that the stock markets have taken enough air to break out northwards”.

But for today’s trading day, the potential is rather limited. Martin Utschneider, technical analyst at the private bank Donner & Reuschel, expects a daily range between 15,527 and 15,303 points.

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