The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf Shortly for the holidays, the stock market is calm. But still no investor wants to miss the current year-end spurt. Accordingly, it went up slightly at the close of trading, and the Dax was down 0.4 percent in the afternoon at 15,514 positions. On Wednesday, the German benchmark index closed 1.4 percent higher at 15,447 points.
This fear of missing the current year-end spurt on the stock market is also reflected in the two upward price gaps that were torn both yesterday, Tuesday and at short notice at the start of trading today, Wednesday. These gaps (technical jargon: “gap”) arise when the lowest point of the trading day is above the highest point of the previous day. So few investors are willing to sell at a suddenly higher level.
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