2023-08-02 09:07:01
Düsseldorf Already on the second trading day in August, investors have to look at the underside. The Dax slipped 1.4 percent in the first hour of trading and is listed at 16,017 points, a minus of 220 points.
The German stock exchange barometer is thus already below its breakout level of 16,240 points, which was a resistance that was difficult to overcome in July last month. When the index did that last Thursday, it quickly hit a new record high of 16,528 points.
The reason for the probable start of a summer correction weighs heavily. Fitch Ratings downgraded the US government’s credit rating weeks after President Joe Biden and congressional Republicans teetered on the brink of a historic default. The agency also warned of the growing debt burden and political dysfunction in Washington.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Read on now
Get access to this and every other article in the
web and in our app.
Further
#Dax #slips #points #downgrade #memories #stock #market #crash #awakened