Dax currently: Important pause in the Dax - will the next surge follow?
The German benchmark index has had a turbulent few weeks. A calm start to the week is on the horizon. However, this phase is likely to be short-lived.
Düsseldorf. A wave of important company figures and highly regarded economic indicators has passed. The next wave is just around the corner – and in between, the German stock market may find some calm. At the start of the new trading week, the Dax is slightly up at 26,376 points. The German benchmark index has had turbulent weeks behind it.
The strong balance sheet season and the returned prospect that the Iran war will not escalate again have driven the stock market barometer to new record highs. The current record high of 26,446.95 points is still within immediate reach. The recent increase has been very dynamic. Since mid-July, the Dax has gained more than 1,600 points, on most days with increased trading volume.
During this period, there was only one trading day with a significant decline. The risk therefore remains high that investors will take profits. A similar picture is seen on the US stock market. Trading on Monday apparently offers many investors an important breather to sort themselves out. There are hardly any market-relevant dates on the agenda on either side of the Atlantic.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
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