2023-08-16 09:53:49
Düsseldorf The German stock market is on the up again. The Dax was trading at 15,803 points in the morning, an increase of 0.2 percent. Before the market opened, the stock market barometer was still at 15,669 points.
Yesterday, Tuesday, the leading index slipped to a new monthly low of 15,703 points, which bargain hunters used to get started. But there is a high probability that the Dax will continue to fall and fall below the 15,700 point mark in the coming trading days. August and September, historically by far the weakest months on the stock markets, have only just begun. And that in a demanding environment.
Accordingly, Oliver Grass, portfolio manager at Fürst Fugger Privatbank, says: “Even if the US economy is still stubbornly resisting a recession: the triad of seasonality, market sentiment and a possible correction in the valuations of the dominant tech stocks make a correction on the stock markets at least likely .”
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