After three deep red trading days, the DAX is now in plus.
At the start of the Frankfurt Stock Exchange, the DAX went up to 20,039.69 points on Tuesday. At the same time, the 200-day line, which is important in terms of chart, also tested the long-term trend and is currently just under 19,970 points. Afterwards he briefly fell under the zero line and currently increases again more clearly.
On Monday, the stock market barometer temporarily lost massive 10 percent to 18,489.91 points and ultimately closed 4.13 percent lower at 19,789.62 points.
On March 18, the German leading index had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The DAX ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
Bargain hunters on the lurk
With just under 18,500 points, the first “bargain hunters” struck again on Monday – after more than 17 percent minus since last Wednesday evening. The remarkable annual plus, which had added up to almost 18 percent by mid -March, is currently erased, but at least the DAX was able to defend the upward trend on Monday since 2022.
“Sometimes clearly oversized market technology in the DAX”
After the steep descent of the stock exchanges, chart technician Martin Utschneider speaks of Finanz ethos, of a significantly oversized market technology in the DAX and a “technical countermovement”, which is now the following. However, he restricts: “Middle time trend and short -term trend remains broken for the time being. The German leading index is still in a market environment, which is characterized by uncertainty, nervousness and sales panic.”
Fund leads to the trade war
On April 2, US President Donald Trump unleashed a trade war against the rest of the world with a tariff flood. While the EU is trying to wrestle with the USA for a deal, “the escalation spiral is stunning at a breathtaking speed,” emphasized, “emphasized the escalation spiral,” emphasized investment analyst Martin Güth from the Landesbank Baden-Württemberg. He referred to the newspaper of the Communist Party that China no longer has illusions to achieve an early deal with the United States.
Redaktion finanzen.net / dpa-afx