(typo corrected)
FRANKFURT (dpa-AFX) – Increasing caution among investors could send the DAX back to its lowest level since June on Tuesday. The broker IG valued the German leading index 1.4 percent lower at 23,255 points around two and a half hours before the start of Xetra trading.
This would mean that the Dax would shatter some of its porcelain in the price chart. Because it would fall back below its 200-day simple moving average line, which was last the case during the violent interim correction in April. In addition, the Dax would slip below the interim low from September.
The previous week it looked as if the October record of 24,771 points would be restarted. In the meantime, investors are increasingly securing their profits. The DAX will still be up 18 percent in 2025.
There is concern that the US Federal Reserve will not lower interest rates further in December – a prospect that is particularly weighing on interest-sensitive growth stocks. The market is waiting all the more excitedly and anxiously for the quarterly report from the AI giant Nvidia on Wednesday evening. The profitability and stock valuations of the booming topic of artificial intelligence have recently been increasingly questioned. In addition, US labor market figures on Thursday cast their shadows./ag/mis