The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The Ukraine conflict seems to be losing its influence on the German stock market as it goes on. In the first hour of trading, the Dax was at 15,284 points, up 0.1 percent – although the risk of a Russian attack has not yet been averted.
As recently as Monday of this week, the stock market barometer had temporarily slipped to 14,844 points due to this risk. On Monday, the leading index fell 0.7 percent after fighting between separatists and the Ukrainian army and closed at 15,268 points.
This means that the leading German index remains in its neutral zone overall: on the upside, the 200-day moving average acts as an important resistance, while the area around the 15,000 point mark and 14,818 points, the lowest mark since April last year, serves as support.
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