Dax rises above the mark of 16,000 points – what the “January effect” could mean for the courses

Dusseldorf The German stock market is looking up at the start of the year. In the first hour of trading, the Dax is quoted at 16,023 meters and thus 0.6 percent up. On the last day of trading in 2021, the German benchmark index closed 0.2 percent up at 15,885 points.

So after the year-end rally, can the Dax continue its upward trend from last year? If one believes the forecasts of the equity strategists, the stock market barometer should at least break another thousand mark this year, i.e. climb over 17,000 points.

The expectation that today’s trading day should go smoothly was refuted right at the beginning of the meeting. With the jump over the mark of 16,000 points, the focus is again on the record high, which is 16,290 points.