Foundation for further price gains already laid

Dusseldorf The high for the year is within reach on the German stock market. The Dax climbed 0.2 percent in the first hour of trading and is trading at 15,610 points. The high for the year so far is 15,658 points, over the counter there were already courses of 15,643 points in the morning.

The leading German index is thus following the friendly guidelines from the USA last Friday. The three major US indices continued to climb after the close of trading in Germany and were up between 1.2 percent and two percent at the end of trading.

For Jörg Scherer, head of technical analysis at HSBC Germany, the start has already been made for a continuation of the friendly start to the year. Before the start of the stock exchange, he considered a sustained increase above the 15,540 point mark to be necessary. The Dax did that with the start of trading today.

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