Dax currently: Dax ends the last trading day of a loss week in the plus - and closes again above 26,000 points
The leading index is defending the important 26,000-point mark again after days of losses. Nevertheless, the Dax remains in the red on a weekly basis.
The Dax index has stabilised after a four-day loss streak, closing 0.6% higher at 26,137 points on Friday. This marks a recovery above the 26,000-point threshold after struggling earlier in the day. Despite this gain, the index still recorded a 1.2% loss for the week, with all but Friday's trading sessions ending in losses. The 21-day line, currently at 25,928 points, remains intact, which from a technical standpoint, keeps the short-term trend intact.
Helaba expert Markus Reinwand notes that investors are still repositioning their portfolios, but the bank expects further market momentum, forecasting the Dax to reach 27,000 points by year-end.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Dax currently: Dax ends loss week – and closes in the plus handelsblatt.com
