Dusseldorf At the start of trading on the German stock market, the US banking crisis seemed to have receded into the background. But in the course of trading, the Dax slipped again and once again focused on the round mark of 15,000 points. In the morning, the leading index was at 15,016 points, a drop of 1.4 percent or the equivalent of 215 points. The stock market barometer has thus given up a large part of its previous day’s gains.
Because on Tuesday the leading index went 1.8 percent higher at 15,233 points from trading. The high trading volume with over 100 million Dax shares traded was striking. The average value over the past four weeks is 75 million shares, changing hands daily.
Neither the upward breakout with the annual high of 15,706 points nor the price slide to 14,887 points on Monday of this week have caused a trend reversal. It is therefore unclear where the German stock market barometer is headed.
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