Frankfurt The leading German index is expanding its consolidation. In the first hour of trading, the Dax was listed at 16,112 points, down 0.6 percent. The leading German index had already given way one percent on Monday, closing at 16,201 points.
According to Thomas Altmann from the fund house QC Partners, only a few investors have thought of taking profits so far. “As long as the 16 is in front, the atmosphere on the floor should remain good,” he says.
Such setbacks after the record high on Friday last week should not surprise any investors. But this consolidation also shows how difficult it is for the Dax to sustainably break the 16,300 point mark.
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