Current Dax: Dax moves away from the 27,000-point mark – will the year-end rally follow anyway?
The leading index has so far been able to defy the negative signs from the USA. However, investors are running out of steam at the end of the trading week.
The German stock market, as measured by the Dax, has seen a slight increase, ending at 26,771 points, up 0.4 percent. Earlier in the week, the Dax had reached a record high of 27,001.67 points, briefly surpassing the 27,000 mark. Analysts from HSBC expect a year-end rally to follow, suggesting that the 27,000 mark may not be the peak.
According to Thomas Altmann, a portfolio manager at QC Partners, November tends to be a strong month for the stock market, with an average increase of 0.89 percent. Since the beginning of the year, the Dax has gained over 10 percent temporarily.
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.
