Handelsblatt editor Ulf Sommer explains why bad news on the stock exchange has largely fizzled out for weeks.
Dusseldorf Slight minus signs were announced on Wednesday. After the previous strong gains, this is remarkable. Because for a long time it was common for prices to collapse sharply as soon as they started slipping. There was no chain reaction this time. This shows market strength, technical analysts point out in such cases.
The Dax lost only 0.2 percent and closed at 13,666 points. Wall Street was down almost a percent a good two hours after opening. The midterm elections in the USA, the outcome of which is still open, remained largely without effect. The advance forecast of the opposition Republicans around ex-President Donald Trump in the Senate and House of Representatives did not materialize.
The Dax has gained almost 15 percent since its low in October. For weeks now, bad news has largely evaporated on the stock market – be it the Ukraine war, energy prices, high inflation, rising interest rates or the looming global economic downturn.
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