Dax currently: Dax ends loss week – and closes in the plus
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, ending Friday's trading with a 0.6% gain at 26,137 points. This took it above the 26,000-point mark, after struggling earlier in the day. The index had closed at 25,983 points on Thursday, and all but one day of the week saw losses, resulting in a 1.2% weekly decline. The Dax remains above its 21-day line, currently at 25,928 points, which suggests the short-term trend is intact.
Helaba expert Markus Reinwand says investors are still repositioning their portfolios, but the bank expects further market gains, 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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