DAX-FLASH: stagnation after significant price gains
FRANKFURT (dpa-AFX) – After a recent brilliant upward movement, the German stock market is likely to be calmer on Wednesday. Moderate losses are emerging for the start of Xetra trading. Broker IG valued the leading German index around two hours before the Xetra start, a few points lower at 15,947 points. However, investors could use the slightly lower prices again for a late entry shortly before the turn of the year.
In the past four trading days, the Dax had risen by almost five percent. Since the beginning of the year, the price barometer has posted an increase of more than 16 percent.
“The stock rally is taking a break,” wrote Oanda trading firm analyst Jeffrey Halley that morning. With a view to the virus variant Omikron, the markets priced in a milder course for diseases. The virus and its consequences are likely to slow down the economic recovery, but “don’t let it fall into a hole” ./ bek / jha /
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