Dusseldorf At the start of the new week, the German stock market oscillates around the close of trading on Monday. The leading index Dax was slightly up at around 12,300 points in the morning. On Friday, the Frankfurt stock exchange barometer closed almost two percent lower at 12,284 points and set a new low for the year at 12,181 points during the course of the day.
The Dax has thus fallen to its lowest level since November 2020. Jörg Scherer, technical analyst at HSBC, currently sees a downward trend-confirming price pattern: “The next important support will only come in the form of the October 2020 low at 11,450 points.” At that time, the breakthrough in a corona vaccine triggered a price rally .
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