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Frankfurt shares opening: recovery rally runs out of air a little

Monday, 12/27/2021 9:11 AM from

dpa-AFX

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View of the city of Frankfurt. The Main metropolis is one of the most important European financial centers. pixabay.com

FRANKFURT (dpa-AFX) – After the price gains before Christmas, the recovery of the German stock market initially took a break on Monday. The leading index Dax fell in the first few minutes of trading by a third percent to 15,703 points. This indicates a breathing space for the quiet time between the years. The MDax of the 50 medium-sized stocks fell 0.15 percent to 34,782 points.

In the past week, the Dax had gained three days in a row after a very weak start. With the 21-day and 200-day lines, the index had regained important short-term and long-term trend indicators. There was tailwind from positive data on the economic situation in the USA and from the hope that the Omicron variant of the coronavirus could be comparatively mild. In addition, the monetary policy of the European Central Bank continues to support./bek/mis

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