The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf At the beginning, the German stock market continued sideways. In the first hour of trading, the Dax is trading at 16,044 points, which is virtually unchanged from the previous day’s close of 16,040 points.
It is the many positive company figures that were published this Wednesday and that keep the Dax above the 16,000 point mark. At 6 a.m., the indicative prices signaled a slide below this psychologically important mark.
A look at the Dax chart is also gratifying: because the upward trend on a weekly basis remains intact. Since the beginning of October, the leading German index has reached a new high and a higher low every week.
This trend would continue this week if the Dax stayed above 15,760 points. If so, it should be exciting in the coming week. In order to continue this trend, the stock market barometer would have to rise above the current record high of 16,104 points.
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