The DAX fell by 0.28 percent to 14,406.87 points on Tuesday at the start of the Frankfurt Stock Exchange. After several rashes, the stock market barometer is currently 0.29 percent lower at 14,405.82 points.
There were slight losses the day before, after the leading index had reached another high since June at 14,584 points in the previous week. The intermediate high at that time of 14,709 points remains the upward orientation mark.
Corona restrictions and economic data
Investors continue to focus on the gradual move away from the strict corona restrictions. According to insiders, further steps towards relaxation could be announced on Wednesday. Stockbrokers hope that this will stimulate demand.
Investors received economic indicators from incoming orders from German industry and from the service sector. After two setbacks in a row, German industry received more orders in October. According to the Federal Statistical Office on Tuesday, incoming orders were 0.8 percent higher than in the previous month. Economists had expected an increase, but only by 0.1 percent on average.
Chair backs in the DAX family
A good two months after the IPO, the Stuttgart sports car manufacturer Porsche AG is included in the DAX. As of December 19, the shares of the Volkswagen subsidiary will replace the shares of the Franconian sporting goods group PUMA, which will be relegated to the MDAX small-cap index, as the German stock exchange announced on Monday evening.
Eighth consecutive week of gains tangible
The hope that interest rates would rise less sharply had caused prices to rise on the financial markets in the past few weeks. The DAX, for example, has gained more than 22 percent since its low at the end of September, and is currently in its eighth consecutive week of gains. In the past four trading days, the leading German index has increased by 0.7 percent so far. The next important hurdle on the way up would now be the interim high from June at 14,709 points.
Editorial office finanzen.net / dpa-AFX / Reuters
Image sources: Julian Mezger for Finanz Verlag