Dusseldorf Consolidation continues on the German stock market. At midday, the Dax was down 1.9 percent and was trading at 13,292 points, a loss of more than 250 points. The leading index already lost 1.8 percent in the past week. On Friday it fell 1.1 percent to 13,544 points.
The market expects a weak opening of the US stock exchanges. The futures signals for the Dow Jones index a minus of 0.9 percent at the opening, the Nasdaq 100 is likely to open 1.3 percent weaker.
The leading German index has meanwhile gained more than 1500 points since the beginning of July. Consequently, the ongoing consolidation should come as no surprise. On the upside, the 14,000 point mark is apparently still too high for investors. Because the highest point of this rally is 13,947 points. For an upward impulse, there has to be positive news that further inspires the Dax.
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