Home » Entertainment » Dax continues to give way – domestic investment professionals watched the 700-point rally without doing anything

Dax continues to give way – domestic investment professionals watched the 700-point rally without doing anything

Dax curve

The leading German index has already reached several new record highs this year.

(Foto: Bloomberg Creative/Getty Images [M])

Düsseldorf After a well-deserved break on Wednesday, the German stock market continued to decline on Thursday. With 15,629 digits, the Dax is down 0.4 percent. The leading index ended yesterday’s trading day at 15,687 points and thus 0.8 percent in the red. So far, the two days of consolidation have been constructive.

Since the lowest price last Friday, the German benchmark index has risen by more than 730 points. As a result, it seems clear: The news about the Omikron variant did not cause a crash on the stock market, not even a correction, for which a minus of ten percent is a condition.

With a decline of 8.5 percent compared to the record high of 15,290 jobs, it has so far only been a renewed consolidation in the intact upward trend. Behavioral economist Joachim Goldberg predicted exactly this development a week ago after evaluating the survey conducted by the Frankfurt Stock Exchange among medium-term investment professionals and private investors.

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