The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market got off to a friendly start on the last day of this week. In the first hour, the Dax rises to 0.6 percent to 15,565 points. This means that the leading index remains in its sideways phase, because on Monday it started with 15,518 points.
Accordingly, the trading week that is still in progress has caused the markets to calm down further. 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 market 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 currently still possible on Friday. Then the upward trend of the previous week would be confirmed and the Dax would open up new opportunities for a rally continuation towards 16,000 points.
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