FRANKFURT (dpa-AFX) – After three consecutive days of gains, investors have put the brakes on German stocks at the start of the week. The Dax extended its initial losses on Monday afternoon, although the US stock market opened with clear gains. Ultimately, the leading index lost 0.84 percent to 18,590.89 points, almost at its low for the day, after rising by around one and a half percent in the previous week. The MDax closed 0.83 percent lower at 25,688.25 points on Monday.
From a chart perspective, Borsians believe that the path to the record level of 18,892 points set in mid-May has been paved again. According to the experts at Berenberg Bank, strong first weeks in July confirm the usual seasonality. As the next test, they point to the reporting season, which will become the focus of investors in the coming days. “The bar for positive surprises is quite high here.”
On Monday, investors had to come to terms with the…
