FRANKFURT (dpa-AFX) – After jumping above the 24,000-point mark and setting another record high, the DAX fell slightly in mid-week trading. Shortly after the start of trading on Wednesday, the leading index fell by 0.3 percent to 23,963 points. The MDax lost 0.5 percent to 30,411 points after reaching its highest level in around three years on Tuesday. The Eurozone’s leading index, the EuroStoxx 50, was down 0.2 percent in morning trading.
The day before, the DAX had risen to 24,082 points in its record run, passing the 4,000 mark for the fourth time this year. After reaching its 27th all-time high this year, Germany’s most important stock market barometer was just three records away from the 30 best marks from the first half of 2024, emphasized analyst Thomas Altmann from asset manager QC Partners. From a technical perspective, however, the DAX has now entered “overbought territory,” he warned./edh/jha/
