Dax stays above 15,000 points – “Rally is impressive and scary at the same time”

Dusseldorf Investors are experiencing historic times on the German stock market. The Dax is experiencing what is probably the best start to the stock market in the past 33 years.

The Dax ended positively on seven out of nine trading days in the 2023 stock market year. The maximum daily minus was only minus 0.38 percent. After only nine trading days, the annual profit is already 1100 points, and since the end of September it has already been plus 3200 points. For the capital market expert Thomas Altmann from the investment house QC Partners, “this series is both impressive and frightening at the same time”.

This series is impressive because the important mark of 15,000 points has now been passed. This area was a key support from May 2021 to February 2022.

It is a surprise that the Dax was able to overcome it so quickly and without a previous setback. Also on Friday, the Dax is unchanged in the first hour of trading at 15,067 points.

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