Dax rockets higher – leading index returns to its four-week sliding zone

Dusseldorf After a four-week sideways phase, the leading German index is about to make a directional decision at the start of the week. The Dax dropped from its recent trading range last Friday, fueling fears of further losses. In midday trading, however, it looks as if that could be avoided. The Frankfurt stock exchange barometer is listed at 15,444 points, an increase of 1.5 percent or the equivalent of 220 points.

For almost all of February, the Dax had moved sideways in a trading range of around 400 points: since February 2nd it had been in a range between the previous high for the year with 15,658 points on the top and 15,246 points on the bottom before the closing auction on last Friday caused the leading index to slip to 15,162 points. Trading on Friday ended at 15,210 points.