“Professional investor mood is too good for a trend reversal”

“Professional investor mood is too good for a trend reversal”

Düsseldorf The German stock market is expanding its consolidation. At noon, the Dax is down 0.4 percent and is trading at 12,697 points. The leading index had already closed 0.2 percent down at 12,741 points on Wednesday.

Courses above 12,931 points are necessary for a continuation of the previous 1050-point rally since the annual low at the end of September. This is the highest point on this move higher, reached last Tuesday. From a technical point of view, the short-term situation only deteriorates when the Dax slips below the 12,400 point mark.

One burden is the rapidly rising bond yields. The yield on ten-year US government bonds climbed to 4.17 percent on Thursday, the highest level since July 2008. And this trend is continuing in this country.

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