Dax current: Dax rises ahead of US labor market data

Düsseldorf. The German stock market is currently calm - but completely without a storm. The leading index is hovering at a high level, while investors are taking a break from the records. On Friday morning, the Dax is still showing slight gains at 26,360 points, which is 0.8 percent above the closing price from Tuesday. The Dax ended trading on Thursday almost unchanged at 26,140 points.

"Despite the lack of upward momentum, yesterday's trading day can be described as constructive," says Martin Utschneider, market analyst at Robomarkets. Rather, the current price chart suggests that the consolidation at a high level could continue for now. "There is currently no talk of significant selling pressure or a sustainable trend reversal," says Utschneider.

Correspondingly, the upward trend remains intact. However, after the recent rally, the seasonal summer weakness is now inevitably coming into focus for investors, says Frank Sohlleder of Activtrades. "Historically, the months of August and September are considered tough terrain on the stock exchange," says Sohlleder. The fact that the Dax is holding above the 26,000-point mark is a good sign, however.