FRANKFURT (dpa-AFX) – After a weak previous day, the Dax found its way up again on Wednesday. In the first few minutes of trading, the leading German index rose by 0.60 percent to 18,287.02 points. However, it remained within the recent range of between 18,000 and 18,350 points. The MDax of medium-sized companies rose by 0.26 percent to 25,532.89 points. The Eurozone’s leading index, the EuroStoxx 50, gained just under 0.6 percent.
Portfolio manager Thomas Altmann from asset manager QC Partners saw the latest developments on the US stock markets as a support for share prices. There, the technology-heavy Nasdaq 100 left its most recent phase of weakness behind on Tuesday. Nevertheless, the market remains a swing stock market, Altmann stated with regard to the last few trading days. There is currently no clear direction.
According to chart technology expert Martin Utschneider, the DAX remains battered and is still…
