Dax with significant gains at the start of the week

Dax curve

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 starts the new week with significant gains: On Monday afternoon, the leading index Dax was up 1.5 percent at around 14,500 points. At the top it was even 2.2 percent up at 14,628 points before profit-taking started again. The economically sensitive chemical groups BASF, Covestro and Bayer were particularly in demand, with their shares increasing by one and a half to three percent.

The Dax has at least temporarily broken out of 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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