The stock market could be in for a golden fall

by time news
Plastic bulls in front of the Dax chart

The Dax has gained eleven percent in recent weeks. Will this upward trend continue?

(Photo: Reuters)

Düsseldorf Concerned about rising interest rates and fears of recession? Was there something? The German leading index Dax ended the past week again up at 13,460 points and thus at the highest closing price since August 19th. This is an impressive sign of strength and suggests that the fall rally could continue into the week ahead. At the same time, the recovery is on shaky ground and the upcoming dates could bring it down.

The Dax has risen for five weeks in a row. It rose by eleven percent during this period. In the past week, the Frankfurt stock exchange barometer rose by 1.6 percent, although the US Federal Reserve signaled that interest rates would be raised more slowly, but longer and more strongly overall.

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