The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf A counter-movement in the intact downward trend is announced on the German stock market. The Dax climbed 1.6 percent on Monday morning and traded at 15,564 points.
This recovery at the start of the week was preceded by high price gains on the US stock exchanges. After initial losses, the Dow Jones index, which is relevant for the industry-heavy Dax, closed 1.7 percent higher on Friday. The Nasdaq technology exchange index even rose by 3.1 percent. Most of the price gains were only made after the stock exchange closed in Germany. The Dax ended Friday trading at 15,319 points, 1.3 percent or 205 points lower.
Notorious optimists even recognize a friendly trend from the turbulent course of the past few weeks. The weekly low on Monday was then no longer undershot, and in the last three trading days of the past trading week the important mark of 15,000 jobs was not negotiated at short notice.
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