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Dax current: Dax closes again in the red – new sideways phase is likely to have begun

Dax curve

The leading German index has already reached several new record highs this year.

(Foto: Bloomberg Creative/Getty Images [M])

Düsseldorf The German stock market went down again on Wednesday. The Dax lost 0.4 percent to 15,878 points and closed for the fifth time in a row in the red. In the meantime, however, it even looked as if yesterday’s sell-off, a significant slide in prices with high trading volumes, would be repeated. Today’s low for the day was around 120 places below yesterday’s low at 15,740 points. The closing number on Tuesday was 15,937 digits.

In the course of the day, the Dax was able to partially make up for the meanwhile high losses. But the all-clear can only be given if the Dax climbs sustainably above the 16,000 point mark again. In the past two weeks, the stock market barometer has been quoted above this range, previously the index fluctuated for several months in a sideways range between 16,000 points on the top and 14,800 points on the bottom. Presumably, the index should now move back into this sideways phase.

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Reference-www.handelsblatt.com

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