The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The psychologically important mark of 14,000 points is once again the focus of the leading German index on today’s trading day. After the index had been above the mark until the afternoon, the Dax slipped back below this mark as a result of weak US stock markets. The index is currently at 13,984 points, an increase of 0.4 percent. Yesterday, Monday, the stock market barometer lost 1.5 percent and ended trading at 13,924 points.
The US bank JP Morgan even expects a recovery rally on the stock markets in the course of the week. Analyst Marko Kolanovic wrote that the markets are oversold and the general mood is bad, which investors can use to make strategic purchases. Microsoft and the Google parent company Alphabet will publish their quarterly figures in the USA today, Tuesday.
No trend reversal in the Dax yet
Nevertheless, with today’s price gains, no fundamental change in trend can be identified in the leading German index.
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