The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The initially friendly mood on the German stock market has vanished again. The Dax slipped another rise to 15,192 points and then again and is currently trading at 15,031 points, unchanged from the previous day’s close. On Friday, the leading German index fell 1.5 percent and, after briefly slipping below the 15,000 point mark, closed at 15,043 points.
Trading volume this Monday is likely to remain low. Because the US stock exchanges remain closed due to the holiday Presidents’ Day. Presumably for this reason, investors in this country will also be spared the scenario of the past two trading days. On Thursday and Friday last week, the Dax trended sideways until 2 p.m. until foreign investors, presumably, then caused the price to slide quickly with their sales. The holiday in the US may prevent that.
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