The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market is going down again. The Dax listed on Wednesday afternoon at 15,851 meters and thus 0.5 percent in the red. In the meantime, however, it looked as if the yesterday’s sale, a significant price slide with a high trading volume. Today’s low for the day was around 120 places below yesterday’s low at 15,740 points. The closing number on Tuesday was 15,937 digits.
The all-clear can only be given, however, if the Dax climbs sustainably above the 16,000 point mark again. In the past two weeks, the stock market barometer was quoted above this range, previously the index fluctuated for several months in a sideways range between 16,000 points on the top and 14,800 points on the bottom. Presumably, the index should now move back into this sideways phase.
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