The Dax ended another week with a positive result. On Friday, the leading German index crossed the finish line 1.16 percent higher at 14,431.86 points. On a weekly basis, it has achieved the seventh weekly plus in a row with an increase of almost 1.5 percent. However, this time it was smaller than in previous weeks. This shows that the air is gradually thinning at the highest level since early June. The price barometer has gained more than a fifth since the end of September.
After three weak trading days, the MDax increased by 0.93 percent to 25,746.02 points on Friday. Unlike the Dax, the index of medium-sized stocks was not able to draw a positive weekly conclusion. There were also clear gains on the European stage on Friday. In New York, the Dow Jones Industrial was recently up half a percent in positive territory.
Some stockbrokers consider the market to be overheated. However, Jürgen Molnar from Robomarkets emphasized that the Dax “cannot be broken these days”. A real correction is still a long time coming. For Michael Hewson from broker CMC Markets, the current events seem like a consolidation phase.
