Dax slides into the red despite the US rally – local professionals are still sitting on high book losses

Dusseldorf On the German stock market, prices initially reacted positively to the prospect of interest rates rising more slowly in the USA. The Dax initially rose to 13,239 points. However, the leading index then slipped back into the red and was trading at 13,123 points in the morning, 0.3 percent less.

Despite the price gains, the stock market barometer is still in its six-day breather after the 1000-point rally from early to mid-July. Only courses above 13,400 points, the high point of this upward movement, would dissolve this formation upwards. Investors who want to continue the upward movement should wait patiently until the Dax overcomes this short-term hurdle. On the downside, with sustained listings below 13,000 points, there is a risk that the rally will end.