The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The German stock market started the new week with significant gains: late Monday afternoon, the leading index Dax was 2.2 percent higher at just over 14,619 points – driven by the economically sensitive chemical groups BASF, Covestro and Bayer, whose shares increased by around three percent.
The Dax thus ended its recent sideways movement. Since March 16, i.e. for almost two weeks, the Frankfurt stock exchange barometer has been fluctuating in a trading range of around 400 points between the marks of 14,110 points on the bottom and 14,553 points on the top. For a noticeable sustained relief, however, the Dax would have to break through another important technical resistance at 14,980 points.
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