Dax replicates turn on Wall Street

Dax curve

The leading German index had reached several new record highs in the last stock market year.

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

Dusseldorf Rarely has the Dax slipped below the 15,000 point mark in the past ten months. If so, then it was always a short-term action – and often it was even the prelude to a subsequent continuation of a rally. This was last the case at the beginning of October last year, when the Dax then climbed to a record high of 16,290 points.

Will this scenario repeat itself in the coming weeks? The starting position is identical: yesterday and today, the leading index slipped below 15,000 points at times, ending yesterday’s trading day at 15,011 points, a minus of 3.8 percent. Today the Dax recovered again after the weak opening of the US stock exchanges pulled it down to the daily low of 14,979 points. It closed 0.8 percent higher at 15,124 points.

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