Dax falls into the summer slump – investors should plan to test the 13,000 point mark again

by time news

Dax curve

The leading German index is on a downward trend this year – despite the recent recovery.

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

Düsseldorf The German stock market continues to go down. The Dax lost 0.3 percent in the morning and traded at 13,410 points. This Wednesday marks the second day of consolidation after Monday’s rise to 13,570 points, its highest level in the past six weeks.

The stock market barometer closed on Tuesday with a minus of 0.2 percent and a final value of 13,449 points. The leading German index is still holding up well because the Dow Jones index in the USA, which is also industrial-heavy, increased its losses after the market closed in Germany from 0.6 to 1.20 percent.

The sales on the first two trading days of this week have been particularly low so far. On average, 70 million papers are traded a day, last Monday and Tuesday there were only 56 million each.

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