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Frankfurt shares outlook: Investors take a breath first after Christmas

Monday, 12/27/2021 8:19 AM from

dpa-AFX

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The German financial metropolis Frankfurt am Main. pixabay.com

FRANKFURT (dpa-AFX) – The Dax should start the week after Christmas with moderate losses. The X-Dax as an indicator for the German benchmark index, it signaled a minus of 0.15 percent to 15,732 points on Monday around three quarters of an hour before the stock market launch. Also the leading Eurozone index EuroStoxx 50 should start trading with moderate losses.

This initially indicates a small respite for the quiet time between the years after the Dax had put up a recovery rally before Christmas. 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 provide support.

In the past year, share prices had gone a step further “between the years”. However, stock trading is heavily thinned out on these days. The fact that the London Stock Exchange, an important trading center, remains closed on Monday and Tuesday also speaks for low turnover. In addition, there are hardly any price-moving economic data on the agenda this week.

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