The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market should say goodbye to the current trading week in a friendly manner. At noon, the Dax rose by 0.6 percent to 15,565 points. The leading index remains in its sideways phase: on Monday it started with 15,518 points.
Accordingly, the current week has caused further calm on the markets. There has been no new high so far on a weekly basis, which would have confirmed the upward trend of the past week. But the low point of the previous week was never in danger. Stock exchange experts then speak of an “inside week”.
For a new weekly high, the German benchmark index would have to climb above the 15,598 point mark, which is still possible on Friday. With the daily high of 15,593 points, the Frankfurt benchmark was only six places away from a new weekly high. Then the upward trend of the previous week would be confirmed. This would open up new opportunities for the Dax for a rally continuation towards 16,000 points.
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further