2023-09-13 09:08:47
Düsseldorf The search for a new medium-term trend continues on the German stock market. The DAX remains under short-term pressure and fell 0.5 percent in the first hour of trading this Wednesday and is trading at 15,631 points. Yesterday, Tuesday, the trading day ended with a loss of 0.5 percent.
Nevertheless, the stock market year 2023 has been a positive one so far: Despite all the fears of recession, the leading German index is still up twelve percent since the beginning of the year.
However, the new ten-month high in oil prices is a burden. The price for a barrel of North Sea Brent crude oil climbed to $92.40 yesterday, Tuesday, the highest value since November 2022. The price is also near its high on Wednesday at $92.31. The International Energy Agency plans to publish new figures this Wednesday.
>> Read more: Promising constellation on the oil market
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