Frankfurt Stock Exchange
Dax struggles at 16,000 points
The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen / dpa
© dpa-infocom GmbH
After two days of price recovery, the Dax struggled to be positive on Thursday just before the gate closed. At the end of a quiet trading day, there was a gain of 0.13 percent to 16,031.59 points.
After two days of price recovery, the Dax struggled to be positive on Thursday just before the gate closes. At the end of a quiet trading day, there was a gain of 0.13 percent to 16,031.59 points.
This means that the record high of November at 16,290 meters remains within reach. The MDax of the medium-sized stock market stocks, however, fell by 0.26 percent to 34,793.22 points.
“On the downside, the Dax is well supported by numerous buyers. But as soon as we get into the 16,000 (points) area, there are hardly any buyers who drive the market further up, ”stated portfolio manager Thomas Altmann from QC Partners. The uncertainty in terms of inflation and pandemic is too great for most to enter at this level. Therefore, the last meters to the record high of 16,290 points are likely to be the hardest, especially since, in addition to the nervousness due to rising interest rates and the corona pandemic, there is a new influencing factor: The reporting season for the fourth quarter of 2021 begins on Friday with the major US banks.