The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf Waiting is the motto of investors on the Frankfurt Stock Exchange on Thursday. The Dax starts 0.2 percent weaker at 15,682 points. The reluctance is typical on a day on which the European Central Bank (ECB) meets – at noon it will announce its key rate decision.
The Dax had already taken a break on Wednesday and had fallen slightly by 0.3 percent to 15,705 points by the end of trading. And Wall Street also ended its soaring: The Dow Jones lost 0.7 percent to 35,490 points on Wednesday, the Nasdaq technology index hit the ground at 15,235 points.
Does that mean that the Dax mark of 16,000 points is a long way off again? Could be, say the experts. It was not to be expected that the rally would lead in one piece towards the 16,000 point mark and above, said Jochen Stanzl, an analyst at CMC Markets. The euphoria about the strong reporting season has subsided somewhat.
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