Dusseldorf On the German stock market, the 13,000 point mark has been in focus since the beginning of the week. The good news: So far this resistance remains intact.
After yesterday’s low of 13,088 points in the downward movement since last Tuesday, buying started again. They let the Dax end trading at 13,220 points. That was an increase of 0.2 percent.
This positive trend initially continued on Thursday. The German stock exchange barometer climbed to 13,364 points in the morning, but then slipped again. The Dax is currently trading at 13,226 points.
The Dax will probably remain above this round mark until Friday afternoon Central European Time. Because then Jerome Powell, head of the US Federal Reserve (Fed), will give the opening speech in Jackson Hole, where the Fed’s annual symposium is held. He needs to regain control of his monetary policy expectations, which have repeatedly threatened to slip away in recent months.
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