FRANKFURT (dpa-AFX) – The DAX reached its sixth record high in a row on Monday, but was unable to hold on to its gains until the end. The air on the German stock market has therefore become thinner at the start of the week. However, profit-taking among the Dax heavyweights was once again hardly to be observed – with the exception of the Rheinmetall share.
The Dax closed 0.19 percent weaker at 20,345.96 points. At the start of trading, it had set another high of 20,505 points. The MDax lost 0.77 percent to 27,099.60 points at the start of the week.
“The German share index is currently flying high and is everywhere in the media,” wrote the experts from online broker Lynx. Many investors are probably worried about missing out on the rally. However, the recent strong rise now favors a correction. The situation suggests profit-taking rather than entry.
Overall, caution prevailed, as important dates are on the stock…
