DAX launches year-end rally – why economic concerns and course records aren’t a paradox

DAX launches year-end rally – why economic concerns and course records aren't a paradox
dax curve

The leading German index has already hit new record highs this year.

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

Düsseldorf till dex It managed to jump over 15,600 points on Tuesday. A subsequent buyout then propelled the major German index above the 15,700 mark. The Frankfurt Stock Exchange barometer is up 1.1 per cent at 15,774 points in the afternoon. This could be the beginning of a rally to be held at the end of the year.

From a technical perspective, the 15,600 mark is a significant resistance on the way to a new all-time high. Now it looks like DAX has broken this resistance in the long term. It had already traveled above that level on Monday, but then fell back and closed up 0.4% at 15,599 spot.

At the start of the week, the leading index had only moved within a 90-point range, with the trading range within the previous day – a so-called inside day. The index has now reversed it within the day.

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