FRANKFURT (dpa-AFX) – The Dax made another attempt to stabilize on Tuesday after the recent series of losses. In the first few minutes of trading, the leading German index rose by 0.25 percent to 22,908.66 points. It thus remained above the 21-day moving average, which is important for the short-term trend. The MDax, which includes medium-sized companies, fell by 0.05% to 28,740.00 points. The EuroStoxx 50, the leading eurozone index, rose by 0.4 percent.
On Monday, the Dax was unable to hold on to its gains and closed just in the red. It was the fourth consecutive day of losses after its record high of 23,476 points. It is currently 2.4 percent short of this level.
The recent strong price recovery in New York hardly gave the Dax & Co any impetus. However, the US stock markets have lagged far behind the European markets since the beginning of the year and have a lot of catching up to do. In addition, mixed signals…
