Dusseldorf The search for a new medium-term trend continues on the German stock market. Things are going down this Wednesday, with the Dax trading at 15,567 points in the morning, 0.9 percent below the previous day’s close. The trading day ended on Tuesday with a loss of 0.5 percent.
With today’s trading day, the stock market barometer slipped to a new September low, which is now 15,564 points. So far, the stock market year 2023 has been a positive one: despite all the fears of recession, the leading German index is still up twelve percent since the beginning of the year.
However, the new ten-month high in oil prices is a burden. The price for a barrel of North Sea Brent crude oil climbed to $92.40 on Tuesday, which is the highest value since November 2022. This Wednesday the price is also close to the high at $92.31. The International Energy Agency plans to publish new figures this Wednesday.
Read on now
Get access to this and every other article in the
Free online and in our app for 4 weeks.
Further
Read on now
Get access to this and every other article in the
Web and in our app.
Further