Dusseldorf The search for a new medium-term trend continues on the German stock market. Things continue to move sideways this Wednesday, with the Dax trading at 15,718 in the morning, virtually unchanged from the previous day’s close. Yesterday, Tuesday, the trading day ended with a loss of 0.5 percent.
So far, 2023 has been a positive year for the stock market: despite all the fears of recession, the leading German index is still up twelve percent since the beginning of the year.
However, the new ten-month high in oil prices is a burden. The price for a barrel of North Sea Brent crude oil climbed to $92.40 yesterday, Tuesday, the highest value since November 2022. The price is also near its high on Wednesday at $92.31. The International Energy Agency plans to publish new figures this Wednesday.
>> Read more: Promising constellation on the oil market
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