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Dax continues to yield, but the US Federal Reserve and the “witches’ Sabbath” give hope for higher prices

Dax curve

The main German index is trending down this year, despite the recent recovery.

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

Dusseldorf The string of losses on the German stock market continued on Tuesday. At the end of trading, the leading Dax index was 0.91% lower, just above the 13,000 point mark.

In a renewed and turbulent trading course, things initially looked good: the Frankfurt stock exchange barometer rose to a daily high of 15,569 points before declining significantly. The closing level is just below the low of the day. Since Wednesday, the leading German index has fallen more than 8% at its peak.

As a result, the technical starting point has further deteriorated. The stock market barometer has steadily fallen below 13,500 points and slipped below the May low of 13,380 points. This focuses on the psychologically important 13,000 point mark. Below that is the year’s low of 12,438 points.

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