Dusseldorf The German stock market is down on Thursday. At the end of trading, the leading index Dax was about 1.7 percent lower at 14,920 points, a minus of more than 260 points.
The leading German index slipped to 14,906 points in the course of trading, the lowest point of the consolidation that started today, Thursday, after the brilliant start to the year. The bottom formation at lunchtime with a sideways trend for more than 90 minutes briefly prevented worse. How long this setback lasts and how low the Dax falls in this phase should be decided in the coming days. With courses above 15,269 points, the leading index would switch back to rally mode.
After an increase of over nine percent since the beginning of the year, a consolidation on the German stock market should not come as a surprise. Thomas Altmann from the investment house QC Partners thinks it is “rational to make a profit now”.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue