Dusseldorf There is a sell-off mood on the German stock market. In morning trading, the Dax slipped below the 15,000 point mark and was trading at 14,920 points, a drop of 2.1 percent or the equivalent of 312 points. The stock market barometer has thus pulverized its previous day’s gains again.
Because on Tuesday the leading index went 1.8 percent higher at 15,233 points from trading. The high trading volume with over 100 million Dax shares traded was striking. The average value over the past four weeks is 75 million shares, changing hands daily.
The good news: the important area of 14,800 points on the Dax has held up so far and should not be undercut. For a good two years, the German standard values in this area have been showing important highs and lows with great regularity.
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