FRANKFURT (dpa-AFX) – The seven-day rally of the German stock market barometer Dax continued on Monday at the start of trading with another record high. After jumping above 20,460 points, however, the gains quickly petered out. Most recently, the Dax rose by 0.15 percent to 20,415.92 points. All in all, caution prevails, as the US inflation data on Wednesday and the ECB interest rate decision on Thursday are important dates on the stock market calendar this week. In the following week, the Fed will also decide on key interest rates in the USA.
The MDax barely budged on Monday morning, falling 0.07 percent to 27,289.08 points. Meanwhile, the EuroStoxx 50, the eurozone’s leading index, rose by 0.40 percent to 4,997.59 points.
According to Martin Utschneider, chart expert at Finanzethos, the year-end rally for the Dax remains intact. There are “still no sell signals”, he writes. In the medium to long term, the market…
