After its recent winning streak, the German stock market trended somewhat weaker on Tuesday. In the first few minutes of Xetra trading, the Dax fell by 0.51 percent to 14,501.64 points.
After its recent winning streak, the German stock market trended somewhat weaker on Tuesday. In the first few minutes of Xetra trading, the Dax fell by 0.51 percent to 14,501.64 points.
The MDax of medium-sized companies stagnated at the previous day’s level. The Eurozone leading index EuroStoxx 50 lost around 0.5 percent.
After the Dax rose by around nine percent since May 9, the leading German index initially lacks the strength for a continued recovery. Although consolidation is now pending, the Dax has left the downward trend that has existed since January, said market expert Martin Utschneider from the private bank Donner & Reuschel in a morning comment. In the US, trading was on hold on Monday due to a public holiday.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
