FRANKFURT (dpa-AFX) – After three recent days of gains, investors are putting the brakes on German shares on Monday. At the high since the beginning of June, there was a lack of follow-on buying at the start of the week to help the Dax rise further. While the leading index lost 0.2 percent to 18,705 points in early Xetra trading, the MDax fell by 0.6 percent to 25,758 points. At eurozone level, the leading EuroStoxx 50 index fell by 0.6 percent.
On Friday, the Dax broke the correction trend that had been in place since mid-May with a tailwind from the USA. “We are now looking towards the old and new highs again,” said chart expert Martin Utschneider from Finanzethos in the morning. In chart terms, the path to the record high of 18,892 points set at that time could be clear again. On the downside, the Borsianer sees significant support in the range of 18,427 to 18,214.
However, the New York stock markets had to give up…
