Dax currently: Dax is trading in the plus – just below the 26,000 point mark

Dusseldorf. The German stock market is not finding a new direction at the beginning of the week. The leading index Dax is up 0.5 percent at 25,952 points in early trading. This puts it only slightly below 26,000 points. However, profit-taking has recently started again and again. Staying above the mark in the long term – that’s still difficult for the DAX at the moment.

Last week he set a new record of 26,692.90 points before giving back all of his winnings within two days. He owed the record to new euphoria after the midterm elections in the USA, the collapse of the realization that the Democrats' clear win could reduce the growth of artificial intelligence (AI).

Now the Dax is looking for direction. “After the turbulent last few weeks, market participants will initially approach the new starting position cautiously,” writes Andreas Lipkow from the analysis house CMC Markets in his daily stock market analysis. "The initial shock after the US midterm elections seems to have been overcome. Many investors now view the significantly lower prices as attractive entry opportunities again."