Dax starts weak – Delivery Hero shares continue to slide

Dusseldorf At its peak, the Dax has risen by around 550 points this week – but investors should still look at the bottom again. In the leading index, this means the area around 15,000 points up to 14,800 points.

Nevertheless, the Dax currently still has a comfortable buffer to this round mark. In the morning, the Frankfurt benchmark is 15,363 points, 0.8 percent lower. Yesterday, Thursday, the Dax was up 0.1 percent at 15,490 points at the end of the session.

The index failed to clear the three major moving average lines: the 38-, 100-, and 200-day moving averages for the short, medium, and long-term trends. That should have prompted some investors to sell.

With the losses at the start of trading on Friday, the leading index initially followed the price slide on Wall Street. Because the high inflation of 7.5 percent shook up the US markets after the stock market closed in Germany.