Dax has slipped more than 250 points after the US downgrade

by time news

2023-08-02 12:05:03

Düsseldorf Already on the second trading day in the trading month of August, investors have to look at the underside of the Dax. The leading index has meanwhile slipped 285 points to 15,955 points. In midday trading, the Frankfurt benchmark was back at 16,025 points, down 1.3 percent or the equivalent of 215 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. Only last Thursday did the leading index overcome this resistance – a record high of 16,528 points was the result. But with today’s trading day, investors no longer have to worry about new highs in the short term.

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