Dax continues its downward trend and slides below 26,000 points

Dusseldorf. The Dax continues its downward movement after its recent record high and temporarily slipped below the 26,000 point mark on Tuesday. At midday the leading index was trading at 25,972 points, down over one percent.

This means that the Dax also falls below the 21-day line, which reflects the short-term trend based on the average closing prices of the past three weeks. It is currently at 26,243 points and was last undercut in July. The leading German index closed 1.2 percent lower at 26,258 points on Monday. The last time there was such a strong daily loss was on July 23rd.

Portfolio manager Thomas Altmann from QC Partners recalled that September is usually a weak month for the stock market: “In the last six years, the DAX only developed positively once in September.” However, there is a positive balance for the past August, which was also negative on average, Altmann put it into perspective.

Andreas Lipkow, chief market analyst at CMC Markets, also remains calm: “Even if investors are becoming more cautious overall, the mood on the stock market remains good.” The slight losses could be classified as a healthy interim correction, he explained.