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

Dusseldorf After a four-week sideways phase in the leading German index, the decision is pending at the start of the week as to whether the Dax will leave this sliding zone to the south. At the start of trading, however, it looks as if the Dax is returning to this trading range. The Frankfurt benchmark is listed at 15,391 points, an increase of 1.2 percent or the equivalent of 180 points.

Since February 2, the Dax has 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 shot auction last Friday caused the leading index to slip to 15,162 points. Trading on Friday ended at 15,210 points.