Investors’ reluctance is likely to continue on Tuesday. This means that the DAX is probably heading back towards the 50-day line.
Without new signals from Wall Street, the DAX is likely to continue its weak phase for the time being. Before the trading session, it was temporarily slightly in the red.
This means that the DAX is probably heading towards the 50-day line again, which is currently at 24,624 points – a medium-term benchmark that has recently been barely maintained on several occasions. The day before, investors became increasingly discouraged during trading and the German benchmark index left the session 0.46 percent lower at 24,800.91 points.
The last DAX record
On January 13th, the DAX reached an all-time high of 25,507.79 points, exceeding the 25,500 point threshold for the first time in its history. Ultimately, it ended the day at 25,420.66 points, which was a new record based on the closing price.
DAX without new impulses
In the United States there was no trading at the beginning of the week due to a holiday. In Japan, investors continued to take profits in the morning after the previous week’s record high. The stock exchanges in China remain closed due to the New Year celebrations.
In terms of economic activity, things will remain quiet on Tuesday. On Wall Street, Palo Alto Networks’ balance sheet will be on the agenda after trading closes.
Editorial team finanzen.net / Dow Jones / dpa-AFX