Dusseldorf The consolidation trend of the past few days is continuing on the German stock market. The Dax is down 0.4 percent in the morning and is trading at 13,636 points.
Yesterday, Monday, the stock market barometer rose by 0.8 percent to 13,687 points, but was no longer able to overcome the daily high of 13,792 points in the five-week upward movement.
It would also be a surprise if the leading German index were to sustainably break through the 13,800 point mark in the coming trading days, i.e. at the end of the day and the day after. For Thomas Altmann from the fund house QC Partners, the stock market needs to take a deep breath.
After the impressive rally, which catapulted the Dax up by 1,400 points at the top, the air was out for the time being. “Anyone who is not invested is afraid of buying too expensive now,” says the capital market expert. “Whoever is in the market is afraid of selling too early”.
Top jobs of the day
Find the best jobs now and
be notified by email.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue