Why the mark of 16,300 points is crucial

Dusseldorf After a brilliant week on the stock market, the situation on the German stock market calmed down for the time being. In the first hour of trading, the leading index Dax was down 0.2 percent at 16,109 points. On a weekly basis, a profit of more than three percent is emerging – the best result since the end of March.

It is not unusual for the Dax to take a break after this rally. The Frankfurt stock exchange barometer already initiated its trend reversal last Friday, after initially falling to its lowest price in 16 weeks, but finally closing in positive territory. Four more trading days with profits followed – no winning streak lasted longer this year.

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